Time Technoplast - Indicators suggesting an upward move
Company is the largest manufacturer of large size plastic drums with a market share of ~60% and its 75% revenue comes from pakaging. Though the EPS and Profit has very marginally come down on QoQ basis, if if go purely by indicators:
1. MACD close to getting green
2. Touching top BB
3. Volunes increasing
We can expect the price to move up towards its targets. Blue line target are as per weekly chart, and green as per daily chart.
1. MACD close to getting green
2. Touching top BB
3. Volunes increasing
We can expect the price to move up towards its targets. Blue line target are as per weekly chart, and green as per daily chart.