Time Technoplast Limited (TIMETECHNO) Stock - Complete Technical Analysis - Sep 20, 2024

Unlocking Time Technoplast: Technical Analysis & Trading Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Today, were diving into the technical analysis of Time Technoplast Limited, currently trading at 414. The stock shows a P/E ratio of 54.7 and a book value of 77.9, indicating a premium valuation. With a dividend yield of 0.48% and return metrics of ROCE at 10.7% and ROE at 8.92%, there are positive signs for long-term growth.

On the technical front, we observe the Average Directional Index (ADX) at a robust level, signaling a strong trend. The RSI indicates neutral momentum, while the Stochastic indicators reveal potential indecision in the market. Notably, today's candle formations include a Doji and a Spinning Top, both signaling indecision.

The stock is trading approximately 7.37% below its 52-week high of 446.8, which was reached just recently. Conversely, it's an impressive 195.40% above its 52-week low of 140.1. The recent Inside Candle pattern suggests a consolidation phase, and the high volatility indicated by the Average True Range highlights potential for price swings.

In terms of support and resistance, key levels to watch are near the 370 region for support, and for resistance, keep an eye on 437. With current momentum showing mixed signals, traders should approach with caution, especially considering the recent price action. Overall, it's a time for careful observation as we wait for a decisive breakout or breakdown from this range.