Timken India Ltd – Strong Breakout Momentum (Daily Chart)Timken India is showing strong bullish momentum after multiple rejections near ₹3,000 levels. The stock has now given a clean breakout from its short-term resistance zone, supported by rising volumes and bullish candles, indicating renewed buying interest.
The price has reclaimed key moving averages and is now eyeing the next resistance zone near ₹3,500–₹3,520, which acts as the target zone on the chart.
🎯 Key Levels:
CMP: ₹3,144 (+2.89%)
Breakout Zone: ₹3,080 – ₹3,100
Target Zone: ₹3,480 – ₹3,520
Stop-Loss: ₹3,000 (on daily close basis)
📊 Technical View:
Breakout above recent swing highs with volume confirmation.
Price now trading above key EMAs, indicating trend reversal.
Bullish continuation likely if price sustains above ₹3,100.
Volume spike adds strength to the breakout setup.
🧠 View:
The breakout from consolidation backed by volume makes Timken India a strong candidate for short-term momentum trades. Sustaining above ₹3,100 can open room toward ₹3,500+, with a stop-loss below ₹3,000.
