TIMETECHNO Time Technoplast LTD (Packing Industry) - 20/April/2021
- Monthly - Downtrend followed by consolidation (ascending triangle formation) and then continue with the uptrend. Consolidation has added up volumes. That indicates positive breakouts. - 1st Breakout from the strong support level 48.00 - 2nd Breakout from the next support level 71.75 - Its a Trend Reversal, Higher high Higher Lows - This is likely to continue till 108.64, with an strict stop loss at 49
Weekly - Great to see the ascending triangle breakout and now its continuation - The weekly candle close is above the breakout of ~ 71.7 this gives the clarity that is will continue with uptrend. - I am expecting it to continue the bullish pattern, considering the support at 58.00 (stop loss) and the target price will be 108
Daily - the candles are going through the descending channel pattern. - Trend it likely to continue untill market closes below 72.00
I am in for the weekly uptrend . Will keep you updated.