TIMKEN
Timken India cmp 3744.20 by Weekly Chart view*Timken India cmp 3744.20 by Weekly Chart view*
- 3485 to 3575 Support Zone
- Price has been testing retesting the Support Zone
- Volumes needed for a fresh upside breakout else faint breakdown probable a case
- Weekly basis Support at 3405 > 3045 > 2645 with Resistance at 4046 > 4445 > ATH 4817.90
- Back to Back Bullish Rounding Bottoms followed by Breakout supported by both Price and Volumes collective momentum
medium term trading opportunity in timken india for huge upsideHi,
NSE:TIMKEN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Breakout in Timken India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Resistance 1/Target 1 achieved in TIMKEN. Resistance 2 is ON.This is follow-up on Timken India. Can also check link to related ideas.
Resistance 1/Target 1 achieved. Resistance 2/Target 2 is ON as it is comfortably trading above resistance line of 2647. Has moved more than 40% since breakout at 2199.
Here is previous chart.
Chart is self explanatory. Entry, Resistances/Targets and Support/Trailing Stop Loss are mentioned on the chart.
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.