Its 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...
TIMKEN 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
Checkout 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...
Key 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...
On 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.
Timken is in the process of forming a cup and handle pattern, and this is a positional call. I've identified it at a support level, and I expect it to reach the target within 2-3 months. 📈🕒
Timken can be bought
AS it is at bottom of its channel and touching its 200 days moving average also
target - 3400-3450-3550-3700
STOPLOSS - Keep a STRICT Stoploss accoring to yor risk as if goes down it can to more downfall
TRADE AT YOUR OWN RISK
H&S Breakout with confirmation candle.
Financials are strong & posted good results.
There should be a quick move to achieve the targets.
This is no any recommendation for trade. This is only for educational purpose.
Triangle pattern as well as descending channel playing out in Timken India. A prominent company dealing in bearings. Sector is experiencing tailwinds going further.
**Not any recommendation.
Stock is reversing from this point.
Strong possibilities to retest the current resistance level once again and could be breakout.
This is only for educational purpose.
no any trade recommendation.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
CMP: 2857
- Took support today at the previous breakout level
- 2730-2800 is the confluence zone of 50% Fibo retracement and 100 EMA, it will act as a support in the short term
