Technical Positional Pick - Buy Time Technoplast Ltd For Target Rs. 100 - HDFC Securities
Technical Positional Pick - Buy Time Technoplast Ltd For Target Rs. 100- HDFC Securities
Stock price is forming bullish higher top higher bottom formation on the daily and weekl chart
Short term trend of the stock is positive where it is trading above its 5 and 20 and 50 day EMA.
RSI Oscillators is showing strength in the stock
Plus DI is trading above Minus DI while ADX is placed above 25 Indicating momentum in the current uptrend.
Considering the Technical evidences discussed above, we recommend buying the Time Techno between 80.6-82 and average at 74, for the upside targets of 89 and 100, keeping a stop-loss at 72.
Buy Time Technoplast Ltd. Up to 3 months @ Buy between 80.6-82 CMP 80.6 TGT 100 SL 72
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