TIMKEN trade ideas
Timken has shown sign of reversalTimken is now likely to move in uptrend direction as it has taken reversal today. Its the right time to enter the trade.
Possible target T1 : 3,939 / T2 : 4,242/ T3 : 4,444
CMP : 3,809
SL : 3,700
Note : Its important to keep your position-sizing as per your risk appetite, and last but not the least, it's your responsibility if you enter this trade, so do your analysis as well.
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
Strong Support at 50 EMA with Breakout Potential- Looking Strong###
Timken India has established a strong support zone around ₹3578, coinciding with the 50 EMA, providing a robust base for further upward momentum. The stock is trading above this support, and the RSI is showing positive divergence, indicating growing bullish momentum. A successful breakout above ₹4000 could propel the stock towards the ₹4500-₹4700 range in the near term. Traders should watch for increased volume on the breakout for confirmation.
TIMKEN INDIA LTD BULLISHTIMKEN is looking strong upside.
Entry for long term trade
You can go for it after doing your own analysis.
entry price target and stop loss has been updated in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
monthly breakout!Above chart is of timken india which is involved in business of manufacturing ball bearings,incorporated as tata timken.
technical point of view
1.on a weekly tf we can see the stock consolidating around 21 ema an good break above it can result in quick upside momentum.
2.if you look closely on the monthly tf the stock beautifully consolidated in a channel for 570-580 days and broke the resistance.
3.according to charts a long term trade or an mid term trade can be executed smoothly on cuuret levelskeeping sl below the 21 eme on monthly tf
(closing basis)
4.targets can be kept firstly on the all time high which is around 28-29% and secondly around 60% for long term
5.simple rr of 1:4 can be achieved if market continues the upside momentum if not one can close trade according to his/her appetite
ALWAYS REMEMBER NO ANALYSIS IS PERFECT AND IAM NOT YOUR FINANCIAL ADVISOR,DO YOUR OWN RESEARCH
ABOVE POST IS ONLY FOR EDUCATIONAL PURPOSE,NO BUYING RECOMMENDATION
do follow me for such content i will try to give my best
My view on TIMKEN INDIATimken india on support, look to long if breakout above 3950 with strong green candle.
Target should be all time High.
TIMKEN High probability Long - WEEKLY DIRECTION
- PULL BACK FINISHED TO 50% at discount zone.
- Price reacte from W1 RBS, by creating D1 Engulfing
- Went till W1 Recent SBR and tried to fall down but stopped at same zone, double rejection.
- New D1 EG buy seen, Long suggested tomorrow with SL below Structure.
- 1st TP recent W1 R
- Next SWING HiGh
- This is uptrend so swing high is expected to be broken, on daily break down some profits can be taken.
5900 is projected SWING.
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.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
TIMKEN SWING TRADETimken change the structure in 2 hr time frame, posssibly ready for next swing. Safer side the stop loss below the structure.
We also see the revesing from the support and good volume, possibly bracking the trend line.
TIMKENBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
TIMKEN INDIA-BOX BREAK OUTAll the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
TIMKEN INDIA BULLISH BREAK OUTIts a up flag. After a long consolidation breakout is happened with huge volume.
Amazing breakout on Weekly / Daily Timeframe - TIMKENCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: This script is shared 1-2 days delayed. Sorry for the delayed charts.
TIMKEN can be considered for SWING TRADE WITH 5 % upmoveTimken can be considered for SWING TRADE with 5 % upmove.
Suitable only for INVESTOR can have it for min. of 90 days.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
ROUND BOTTOM Breakout in TIMKEN
BUY TODAY SELL TOMORROW for 5%
Timken near some some breaking moveTimken has been stagnant from few months and has been showing moves in a channel.
Indication showing that it is nearing breakout of the channel.
Can give good move its move is supported by good volumes. Looking for up levels of 3850-4060-4240 and with the base support at 3091-2865.
One concerning thing is current move not supported by volume and we have a gap at level of 2111 which has not been filled. It has already given 1000+ points in past 2 months
No recommendations, just my view on this chart.
Timken India LtdIts near its 52 Week low.
Dividend giving stock.
Good ROCE & ROE.
Promoter Holding is good & No promoter Pledged.
Debt is very less as compare to its reserves.
Almost debt free company.
Piotroski Score 7.
Supports are marked as green horizontal line.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
200 EMA is shown as white line.
Levels:-
Buy 2650 - 2300
Stoploss 2070
Positional Tgts 3175 - 3435 - 3745
Long Term Tgts 5000 - 8000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
TIMKEN INDIA LTD WAIT FOR A BIG MOVE EITHER UP OR DOWNTIMKEN INDIA LTD.
SECTOR: Bearings
Timken India Limited is an India-based company, which is engaged in engineered bearings and industrial motion products.
The Company's active operations are in anti-friction bearings mechanical power transmission products and related services business
Amazing breakout on Weekly / Daily Timeframe - TIMKENCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Get Ready for a surprise timing from #Timken #superchartzKey Levels:
Support: 2950
Resistance: 3130 3250 3300
Description:
Fundamentals:
The recent actions taken by Timken to significantly reduce its debt load and achieve almost debt-free status have profound implications for the company's fundamental strength:
Financial Stability:
The reduction in debt enhances financial stability, lowering interest expenses and overall financial risk.
A financially stable company is better equipped to withstand economic challenges and uncertainties.
Cash Flow Improvement:
Lower debt levels contribute to improved cash flow, enabling the company to allocate resources for growth initiatives or return value to shareholders.
Enhanced free cash flow is a positive signal for potential future investments or strategic decisions.
Credit Profile Enhancement:
Reduced debt typically leads to an improved credit profile, potentially resulting in higher credit ratings and lower borrowing costs.
A strengthened credit profile can instill confidence in investors and lenders alike.
Financial Flexibility:
Being almost debt-free provides the company with significant financial flexibility, allowing for strategic decisions without the constraints of heavy debt obligations.
Financial flexibility positions the company to capitalize on opportunities and navigate market dynamics effectively.
Investor Confidence:
Investors often favor companies with low or no debt, viewing them as more stable and secure investment options.
Almost debt-free status can attract a broader investor base seeking companies with strong financial health.
Technicals:
The technical analysis of Timken's stock reveals a notable breakout, signaling a potential shift in its price dynamics:
Trend Reversal:
The break of the trend line indicates a potential reversal in the stock's previous direction.
Investors may interpret this as a bullish signal, suggesting a change in market sentiment.
Preparing for New Highs:
The breakout suggests that Timken is gearing up for new highs, reflecting positive momentum.
Investors and traders often take note of such signals as they consider potential profit opportunities.
Technical Confirmation:
Breakouts are significant technical signals that confirm a change in the stock's trend.
Technical analysts may interpret this as a buy signal, potentially attracting more traders and investors to the stock.
Synergy with Fundamentals:
The technical breakout, when combined with improved fundamentals, creates a synergistic effect.
Strong fundamentals provide a foundation for potential growth, while technical signals attract a diverse range of investors, contributing to overall market confidence.
Market Perception:
Positive technical developments can shape a favorable market perception, drawing attention from both value and momentum investors.
The combination of strong fundamentals and a technical breakout positions Timken as a potentially attractive investment opportunity in the eyes of the market.
Investors should consider both technical and fundamental factors, conducting thorough research, before making informed investment decisions.
Institutional IntrestOn a daily chart, Institutional buying in this stock in Quarter 1. Beautiful hammer formed and heavy buying on 2nd half today session on 2h chart frame shows strength in TIMKEM. Breakout of 30SMA will be a positive sign for this stock.
