Timken India is showing strong bullish momentum after multiple rejections near ₹3,000 levels. The stock has now given a clean breakout from its short-term resistance zone, supported by rising volumes and bullish candles, indicating renewed buying interest.
The price has reclaimed key moving averages and is now eyeing the next resistance zone near ₹3,500–₹3,520, which acts as the target zone on the chart.
🎯 Key Levels:
CMP: ₹3,144 (+2.89%)
Breakout Zone: ₹3,080 – ₹3,100
Target Zone: ₹3,480 – ₹3,520
Stop-Loss: ₹3,000 (on daily close basis)
📊 Technical View:
Breakout above recent swing highs with volume confirmation.
Price now trading above key EMAs, indicating trend reversal.
Bullish continuation likely if price sustains above ₹3,100.
Volume spike adds strength to the breakout setup.
🧠 View:
The breakout from consolidation backed by volume makes Timken India a strong candidate for short-term momentum trades. Sustaining above ₹3,100 can open room toward ₹3,500+, with a stop-loss below ₹3,000.
The price has reclaimed key moving averages and is now eyeing the next resistance zone near ₹3,500–₹3,520, which acts as the target zone on the chart.
🎯 Key Levels:
CMP: ₹3,144 (+2.89%)
Breakout Zone: ₹3,080 – ₹3,100
Target Zone: ₹3,480 – ₹3,520
Stop-Loss: ₹3,000 (on daily close basis)
📊 Technical View:
Breakout above recent swing highs with volume confirmation.
Price now trading above key EMAs, indicating trend reversal.
Bullish continuation likely if price sustains above ₹3,100.
Volume spike adds strength to the breakout setup.
🧠 View:
The breakout from consolidation backed by volume makes Timken India a strong candidate for short-term momentum trades. Sustaining above ₹3,100 can open room toward ₹3,500+, with a stop-loss below ₹3,000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.