NRBBEARING 322
$NRBB
TGT 500
SL 270
RR > 3
TF < 6M
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Long at 2485 with an SL of 2375
Timken India Ltd is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. (Screener)
The bearings sector as a whole is showing very good strength when compared to the overall market. They...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Timken India is in a strong uptrend and it formed a fresh lifetime high last week. Following this, the price action has formed a bull-flag pattern. The upward momentum looks strong and the stock can be expected to rise in the upcoming days.
