DAILY 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...
Timken 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...
Look 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.
Timken India Limited, a Timken Company subsidiary, started manufacturing bearings in India nearly three decades ago and today has state-of-the-art manufacturing plants in Jamshedpur and Bharuch to serve local bearing market needs and beyond. Timken India Limited is engaged in the manufacture and distribution of tapered roller bearings, components...
I will be buying timken above 976
Technical: stock quickly recovered from recent COVID-19 crash lows. the price has been contracting, last few days price action looks constructive.
This stock shows good sales and profit growth.
5 years of sales growth - 18.3%
5 years of profit growth - 26.7%
Margins at a record high of 22%, although this doesn't...