008 TIMETECHNO Time Technoplast LTD LonG Setip

TIMETECHNO
Time Technoplast LTD (Packing Industry) - 20/April/2021

- Monthly
- Downtrend followed by consolidation (ascending triangle formation) and then continue with the uptrend. Consolidation has added up volumes. That indicates positive breakouts.
- 1st Breakout from the strong support level 48.00
- 2nd Breakout from the next support level 71.75
- Its a Trend Reversal, Higher high Higher Lows
- This is likely to continue till 108.64, with an strict stop loss at 49

Weekly
- Great to see the ascending triangle breakout and now its continuation
- The weekly candle close is above the breakout of ~ 71.7 this gives the clarity that is will continue with uptrend.
- I am expecting it to continue the bullish pattern, considering the support at 58.00 (stop loss) and the target price will be 108

Daily
- the candles are going through the descending channel pattern.
- Trend it likely to continue untill market closes below 72.00

I am in for the weekly uptrend . Will keep you updated.

Image Link: https://www. tradingview.com/x/HDBB9cZU/

Thank You!!
Avinash Sawant