Timken India: 100 DMA & Channel Breakout Above 2800Details:
Asset: Timken India Ltd
Breakout Level: 2800 (Channel + 100 DMA)
Potential Target: 3500
Stop Loss: Below 2750 or as per risk management
Timeframe: Medium-term
Rationale: Timken India has given a dual breakout — crossing both its 100-day moving average and channel resistance above 2800. This indicates strong bullish potential toward the 3500 mark.
Market Analysis:
Technical Setup: Confluence of moving average and channel breakout is a strong bullish signal.
Sector Outlook: Industrial and manufacturing sector tailwinds, particularly in railway and heavy equipment segments, favor Timken’s long-term growth.
Risk Management:
Stop loss just below 2750 to reduce downside risk.
Timeframe:
Medium-term outlook, based on breakout confirmation and sectoral momentum.
Risk-Reward Ratio:
Strong setup with high upside potential and well-defined risk level.
Track volume support for continued momentum above 2800.
