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Published on 15/09/2020 12:15:38 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Time Technoplast Ltd For Target Rs. 48 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Time Technoplast Ltd. #Packaging Sector #HDFC Securities #Trading Report

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Momentum Pick - Buy Time Technoplast Ltd For Target Rs. 48 - HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

Currently, the price is making an attempt to show upside move above the key upper resistance.

The short-term trend has turned positive.

We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the up move in the stock price.

The daily/intraday RSI is showing positive indication.

The overall chart pattern of PEL July Future indicates a short trading opportunity.

One may look to create long trading position as per the levels mentioned above.

 

Buy Time Technoplast Ltd @ 1-7 DAYS 39, 40.20 TGT 48 SL 38.25

 

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