A_Trading_Banker

Time Technoplast: A probable Medium Term trade

Long
NSE:TIMETECHNO   TIME TECHNOPLAST
For:
-Closed above the long term support/resistance at 79.
-Promoter pledge is reducing quarter over quarter.
-Movement in the parallel channel .
-Good buying volumes.
-Targets are marked out in Purple.

Against:
-Holding period would be a couple of months.

Advise: Buy on retest of the support line or buy at the channel breakout. SL would be a weekly close below the channel and confirmation thereof. Conservative SL would be 79 on weekly CLBS .

Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.