TIMETECHNO Trade Set up

Based on the latest available data, the price action analysis for Time Technoplast Ltd (TIMETECHNO) indicates a bearish trend in the short to medium term:

1. The stock closed at ₹364.05 on February 14, 2025, showing a significant decline of 5.58% from the previous day's close.

2. TIMETECHNO is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong bearish trend.

3. The stock has experienced a substantial drop of 14.85% over the past month, significantly underperforming the broader market (Sensex) which only declined by 1.19%.

4. Technical indicators are predominantly bearish:
- RSI (14) is at 43.459, indicating selling pressure.
- MACD (-6.03) is showing a sell signal.
- Stochastic (28.399) and Williams %R (-76.223) are both in the selling zone.

5. The stock reached an intraday low of ₹362.15 on February 14, 2025, reflecting continued selling pressure.

6. Volume analysis shows that the latest trading volume (2,470,000 shares) is above the 5-period average volume (2,301,000 shares), suggesting increased selling activity.

7. The Chaikin Money Flow (CMF) indicator shows a bullish trend reversal, which could potentially signal a change in the current bearish momentum.

However, there are a few potential positive signals to consider:

1. The Awesome Oscillator indicates a bullish reversal with a weaker twin peak formation.

2. The stock is trading near its recent lows, which might attract value investors or lead to a potential bounce.

3. The RSI (Fast) on February 18, 2025, is at 92.53, indicating overbought conditions but also suggesting strong upward momentum.

Given these mixed signals, traders should closely monitor the stock for any potential trend reversals or continuation of the current bearish trend. The overall price action suggests caution, with a bearish bias in the short term.