TIMETECHNO trade ideas
Breaking out short term consolidationWill wait for weekly close on this. Looks like, this is going to be breaking out short term consolidation. Next immediate resistance levels are drawn.
Relative Strength is turning Positive too.
Disc: Sharing Technical view. Not Holding and not a buy / sell recommendation.
Flag breakout: A practicalFlag breakout is seen where a sudden spike in prices is seen and after this sudden increase bulls who have entered earlier start exiting thier existing position and as such a consolidation occurs as can be seen in the shown chart. This Spike ( POLE ) and the consolidation ( FLAG ) gives rise to a fresh spike in prices once the consolidation in finished and fresh investors start entry in the stock. This pattern is a logical explanation to consolidation theory.
Happy Trading :)
Time Technoplast Buy fortnightlyAfter a huge sell off from a high if 90 stock has corrected to 70 levels and then consolidated for weeks . It appears that the stock is in a longterm uptrend since its rally from 46 to 90.
At current juncture stock has completed the consolidation pattern and seems poised for rally towards 78 in 15 days. A closing below 68 will means bears have got the grip and the bulls have to exit thier positions negating thier view.
TimeTechno Looking Bullish in near termTimetechno is looking bullish in the daily and weekly timeframe, forming a huge rounding bottom in the weekly time frame and continuos uptrend on the daily time frame, the stock is showing a strong bullish sign given the positive march quarter results and new product launch. Investor participation is appearing with huge volume sign and stock is in consolidation zone from last few days. if it breaks above 88 and sustains for few days a huge move on the upside is expected. Time Technoplast is trading higher than 5 days, 20 days, 50 days, 100 day and 200-day moving averages.
I hope this information helps and looking for feedback and correction if any :)
Thanks
Junaid
Time Technoplast: Buy for next 6 monthsHi All,
Time technoplast has been making a big rounding bottom pattern in weekly charts. The stock has been going through a big transformation fundamentally as well technically.
Buy the stock at current price levels of 86-87 and Target will be 112, which is 30% profit from current levels.
Buy and hold the stock for next 6 months for returns of atleast 30% .
**Ideas are my own**Take risk as per your risk taking ability**