TIMETECHNO Bullish; above 166.5 on Friday 03 Nov.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for...
#Timetechno
CMP 156.85
Time techno plast Ltd is engaged in the manufacturing of technology based polymer and composite plastic products. It has a market share of about 70% polymer based industrial packaging. A zero promoter pledge company with improving RoE and ROCE. Now the stock has broken it's 2 year long resistance trend line and retested back. Stock is now in...
NSE:TIMETECHNO
✅ #TIMETECHNO trading above Resistance of 152
✅ Next Resistance is at 184
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Company is the largest manufacturer of large size plastic drums with a market share of ~60% and its 75% revenue comes from pakaging. Though the EPS and Profit has very marginally come down on QoQ basis, if if go purely by indicators:
1. MACD close to getting green
2. Touching top BB
3. Volunes increasing
We can expect the price to move up towards its targets....
Time techno long-term breakout done as well as created rectangle pattern and fake breakdown done and stock pull back to remove weak hands ready for rectangle breakout
NSE:TIMETECHNO
Time Technoplast Limited is engaged in manufacturing plastics products.
TTM EPS: 8.17
TTM PE: 8.54
Sector PE: 13.70
Book Value Per Share: 86.07
P/B: 0.82
Face Value: 1
Mkt Cap (Rs. Cr): 1,577
Dividend Yield: 1.00
Some Positives:
Company with high TTM EPS Growth
Current price is less than the intrinsic value
Pledged promoter...
Time Technoplast looks Attractive for high risk takers
Fundamentals : Decent and improving, consistent on Sales, Profits and EPS but DII and FII stake decreased recently.
Technicals : Bullish, Harmonic Bat active, well placed above standards MAs , heavy volumes !
Target 1: 165
Target 2: 190
Target 3: 225+
Stop loss : 105
In the Weekly Chart of TIMETECHNO ,
we can see that, it has given Cup & Handle Breakout.
Let it retest and then Enter with SL and Target as per your Risk Ratio.
Keep the stock in your watch list. After the break out above 110 clearly level of 125 can be seen. The stock has jumped in a parabolic move and halted near the resistance area. This is for your educational purpose only.
Timetechno plast Breakout wth good Volume.
Make Cup & Handle & Symmetrical Tringle on Daily & Weekly Chart.
Note.
This is just for the Study Analysis not Recommendation for BUY/SELL.
I am not SEBI Register Analyst.
NSE:TIMETECHNO
✅ #TIMETECHNO trading above Resistance of 125
✅ Next Resistance is at 152
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Stock is trading near BO zone, good volume build up on daily chart, may go up in coming trading session, follow chart for support and resistance levels.
Swing Trade opportunity with smaller SL.
CMP: ~ 109 ( Buy @ ~ 110.90)
SL: ~ 106
Target: ~ 116.40 | ~125.90 | ~ 141.25
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just...
