TIMETECHNO - Long Setup, Move is ON..NSE:TIMETECHNO
✅ #TIMETECHNO trading above Resistance of 285
✅ Next Resistance is at 415
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Timetechnoplast
TIME TECHNOPLAST INTRADAY TRADEINTRADAY TRADE FOR 26th Aug 2024
Buy - 408 ( yellow line in chart)
SL- 396 ( Red Line)
Target 1 - 419(Green Lines)
Target 2 - 430
Target 3- 440
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
TIMETECHNO Analysis & Prediction in WTFThis is the analysis of TIMETECHNO in Weekly Time Frame. Watch carefully. The chart explains itself. TIMETECHNO- Multiyear Breakout Candidate.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TIMETECHNO :
Time Technoplast Ltd. engages in the manufacture and sale of plastic products. It operates through the Polymer Products and Composite segments. The firm's products include industrial packaging, technical products, material handling and composite cylinder. Time Technoplast was founded by Anil Paraslal Jain on December 20, 1989 and is headquartered in Mumbai, India.
Time Technoplast Ltd - Breakout #Timetechno
CMP 156.85
Time techno plast Ltd is engaged in the manufacturing of technology based polymer and composite plastic products. It has a market share of about 70% polymer based industrial packaging. A zero promoter pledge company with improving RoE and ROCE. Now the stock has broken it's 2 year long resistance trend line and retested back. Stock is now in its multiyear high with significant volumes. Fire works can be seen within a short span of time. 250 can be achievable very easily.
TIMETECHNO - A good buying opportunityNSE:TIMETECHNO
Time Technoplast Limited is engaged in manufacturing plastics products.
TTM EPS: 8.17
TTM PE: 8.54
Sector PE: 13.70
Book Value Per Share: 86.07
P/B: 0.82
Face Value: 1
Mkt Cap (Rs. Cr): 1,577
Dividend Yield: 1.00
Some Positives:
Company with high TTM EPS Growth
Current price is less than the intrinsic value
Pledged promoter holdings is insignificant
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Increasing profits every quarter for the past 2 quarters
Book Value per share Improving for last 2 years
Companies with rising net profit margins - quarterly as well as TTM basis
Some Negatives:
MFs decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
Annual net profit declining for last 2 years
My Opinion: My opinion is clearly visible on chart :)
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
Long Time TechnoplastLong Technoplast above 122 after the BO of the channel. Good Risk to reward ratio. A very good trade setup. Always we need to capture these types of quality trade. So it becomes 5-star trade.
1 RSI above 60 on daily
2 RSI above 60 on weekly
3 Resistance levels Break out.
4 Trading above the marked EMA levels.
5 Entry after the BO of the channel.
This is for your educational purpose only.
watch for resistance breakoutbuy above 110 in intraday or swing trade
for swing trade need daily candle close above 110
stoploss for swing trade daily candle close below 98
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
TARGET 1 Achieved in Time Technoplast 10% profitTime Techno Plast has giving a multi weeks breakout after a formation of double top . Stock has now touched 1st target. Kindly Refer Time Technoplast idea explained previously.
levels are self explanatory on charts.
Disclaimer : This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Rectangle ready to fly #timetechnoIts ready to fly. 🚀🚀
Unless whole market turns RED.
Name: Time Technoplast.
Chart: weekly timeframe.
Pattern: Rectangle. Range of 30 points.
Highest volume since listing on weekly.
Disc: not sebi registered. Only for educational purpose.
#stockmarket
#stocks
#swingtrading
#trading
#investing
Time Technoplast - retest doneTime technoplast looking very good at current levels.
Breakout and retest done.
Huge volumes surge in recent period.
Looks good to fly next week.
Target 1: 150 should come very quickly as fib retracement is approx around 0.3 which indicates good momentum.
Disclaimer: Pls take this as a learning and not any kind of recommendation.