TIMKEN- stocks forming ascending triangle pattern
-Stock break and sustain above 1470 Next level to 1570/1670/1780 levels .
-Support is near 1340 level on chart.
TIMKEN trade ideas
TIMKEN INDIA Ascending triangle patternNSE:TIMKEN Levels are Mentioned in the chart...- Good for Swing...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Expecting Breakout ✌✌This scrip is expecting to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum.
Time has come (or not yet ?)Timken India is a well established MNC. Fundamentally sound n rewarding shareholders.
On technical charts, it appears that the price action is getting squeezed between two trend lines. Price very near to All Time High, just ~5% below it. The squeeze is such tight that whenever there's a Breakout on upside, it will be so rewarding to shareholders.
My take- Buy above 1260 with SL of 1160 on monthly close basis.
Disc.- I hold this stock..
Time has come for this scrip to perform in the bull market which it was lagging compared to others.
Cup and Handle Formation around ATHThe stock is making a cup and handle pattern and looks good above ATH level of 1450
Buy Timken indiaMy idea is for educational purpose.
Buy Timken India @1360 for short term gain of 10-20%.
TIMKEN LONGTIMKEN 1 DTF, already formed pole and flag pattern almost 10 times in a row and now given break out in latest Flag pattern,watch and take position as per risk management
TIMKEN: Near 5 Month Breakout! ⚡Trendlines and levels are marked. Candle is extremely bullish and volumes are rocket high.
TIMKEN Long IdeaTIMKEN gave falling wedge breakout with supporting volumes , Looks good above 1170 for coming week.
Pullback support around 1130-1135 levels
This view negates below 1115
DAILY SWING CALL // Monday 23rd of November 2020 / TIMKENDAILY SWING CALL // Monday 23rd of November 2020 / NSE:TIMKEN
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1175.5
TARGET: 1350 (15%)
STOP LOSS: 1058 (10 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Standard Guidelines:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects / gaps up after my buy call. If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit can be optimized.
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period, but if SL / Target are not triggered and you still wish to
hold the trade, this can be done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade / invest at your own risk.
Timken India- Break and Retest and potential RiseTimken India broke out from its resistance some time back and after breaking its resistance became support and as this is fresh retest it help itself beautifully.(Marked with big circles.)
After retest it made a w pattern which is again a beautiful sign that stock does not want to go down.
Small circles denote the present resistance at 1130. It has already tested it twice and reached there for the third time.
Volume in today's candle is also pumping up.
A break above 1130 might give some wings to this stock.
Keep an eye folks and Cheers.
Wedge Formation on TimkenNeed to wait for the wedge to complete and break out on the higher side of the Wedge and take a long position for a longer duration. The Stock is fundamentally good.
Upmove expected in Timken IndiaLook at this. Doji at end of a short term downtrend, perfectly supported by 100 day EMA(Not shown here) and also at support line, with substantial volume.
Buy around cmp with SL 1010-20 and target of 1100-1120.
Just an opinion and NOT a recommendation.
