Time Technoplast Limited (TIMETECHNO) Stock - Complete Technical Analysis - Sep 10, 2024

Time Technoplast Stock Analysis: Key Levels & Trends September 2024

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 is currently trading at 419, which is approximately 2.4% below its 52-week high of 428.85, reached on September 5, 2024. The stock has seen a significant gain, trading 202.1% above its 52-week low of 138.6 from September 13, 2023.

From a technical standpoint, the stock is experiencing strong bullish momentum. The Average Directional Index (ADX) indicates a strong trend, suggesting that the upward movement is likely to continue. The Relative Strength Index (RSI) is in the overbought zone, which could indicate a potential consolidation or pullback in the near term.

The MACD is showing positive momentum, supporting the bullish trend. Additionally, the Awesome Oscillator and Bull Bear Power both reflect strong bullish signals, reinforcing the current uptrend. The Commodity Channel Index (CCI) is also in the positive zone, suggesting robust buying interest.

The stock is trading above its short-term moving averages, including the 10-day and 20-day exponential and simple moving averages, indicating strong support at these levels. The Ichimoku Base Line is also below the current price, which further supports the bullish trend.

However, the Stochastic RSI is quite low, which might suggest that a short-term pullback could be possible. Traders should watch the support levels around 390 to 400, as these could provide buying opportunities if the stock experiences a pullback. Resistance levels are near the 428 to 430 range, where the stock might face selling pressure.

In summary, Time Technoplast is currently on a strong uptrend with potential for further gains, but traders should be cautious of possible short-term corrections. Monitoring key support and resistance levels will be crucial in navigating the upcoming moves in the stock.