Time Technoplast Limited (TIMETECHNO) Stock - Complete Technical Analysis - Nov 14, 2024

Time Technoplast Limited Technical Analysis Bullish or Bearish Key Levels to Watch Stock Analysi

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. Time Technoplast Limited (TIMETECHNO) has recently shown volatility, closing at 387.40 after trading between 370 and 393. The stock is approximately 18% off its 52-week high and 139% above its low. This indicates a strong recovery since January.

Currently, the stock is facing key resistance around the 400 range, with the Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) suggesting selling pressure. The Bullish Harami pattern seen on the chart could indicate a reversal, but momentum indicators like the MACD remain negative, showing bearish sentiment in the short term. The RSI and Stochastic Oscillator are neutral to oversold, offering mixed signals on the price action.

The Average Directional Index (ADX) at 12.71 suggests a weak trend, meaning that consolidation could be in play before any significant price movement. Traders should watch for a breakout above 400, as this could lead to a potential uptrend. Conversely, the stock's support lies between 370-375, with a deeper pullback possible if it fails to hold above 362.

With volatility indicated by the ATR, the stock could continue to experience sharp price fluctuations. Traders should be cautious, as quick moves can happen. A break of key support or resistance will provide better clarity on the direction.