TIMKENDisclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
TIMKEN trade ideas
TIMKENDisclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
Timken For Swing..!Timken's stock has recently been on a downward trend but is now displaying indications of a potential recovery. Analysis of the charts reveals the formation of an inverse head and shoulders pattern. This could make it a candidate for swing trading, with the initial target set at the 200-day simple moving average (SMA), followed by the upper trend line. Additionally, on the weekly time frame, the stock has been consolidating within a range for some time.
TIMKEN after a pause going to start the journey againIt appears that `yfinance` is not available in this environment. Instead, please upload a CSV file with the historical stock data for Timken (TKR), and I can proceed with the chart pattern analysis using that data.
TIMKIN - Bullish setup Stock name - Timken India Limited.
Weekly chart setup
Chart is 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.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
TIMKENSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
TIMKEN 1DAY TIME FRAMEStock name : Timken Has broken out of a triangle pattern. A clean closure without any wick around 3560 would present an excellent opportunity to enter into the stock.
TIMKEN WEEKLY BREAKOUTTimken has given breakout on weekly chart
It has given a breakout from head & shoulder pattern and retested the level above the 3500 it can give 20-25% move.
levels marked on chart
Rising RSI
Volume accumulation
Timken India Ltd *Timken India Ltd*
C&H Formation on Weekly Basis.
Price Trendline BreakOut Done.
Should Sustain, Then Good to Go!
Vol. BuiltUp. Should Continue. Watch it.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Financials are strong.
Growing Sales, Profitability: Yrly / Qtrly basis.
Negligible Debt. Strong TNW. Satisfactory WC Cycle. +ve CF from Ops.
Increasing FIIs/DIIs Stake.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Timken India - long - stoploss 3300.00 Is all set for a target of 5000.00 approx , Chart wise its nice , any way stick to 3300.00 strict stop loss on weekly closing basis ,
#TIMKEN - The Bearings Theme
Long at 2485 with an SL of 2375
Timken India Ltd is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. (Screener)
The bearings sector as a whole is showing very good strength when compared to the overall market. They have reported very good numbers inspite of high inflation environment prevailing now.
Timken is one of the best-performing stocks in this sector.
EPS of 16 v/s 7 YoY in Q4
EPS of 16 in Q4 v/s 9.2 in Q3
Price gapped up after earnings, Sustained the gap and then moved up with heavy volumes. Classic PEG(Price Earning Gap) example.
Strong Price action + Good Results makes it a very attractive buy at these levels. Since the market looks weak now, I have taken only 50% of the risk I usually take. Will look to average up as and when overall market sentiments improve.
Timken BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Timken 28-Aug 2021Strong Breakout in 50 D price from good consolidation
Volume supporting the beakout,
Also breakout in RSI with MACD histogram turn +ve
Breakout from Wedge patternTimken has BO'd with good volumes, it cam back and retested the upper channel and shot up again...possibility of reaching 1706..keep watching. Do your own research. This is idea.
TIMKEN - Weekly Chart, Moving in ChannelStrong accumulation happening in this fundamentally good stock, and should go up along with other auto stocks
CMP 1150, Target as per channel top 1350
Timken India | BUYTimken India is in a strong uptrend and it formed a fresh lifetime high last week. Following this, the price action has formed a bull-flag pattern. The upward momentum looks strong and the stock can be expected to rise in the upcoming days.
