Timken India Limited Stock Forecast
Timken India Limited stock price up 0.211% on Monday
(Updated on Jun 24, 2024)
The Timken India Limited stock price gained 0.211% on the last trading day (Monday, 24th Jun 2024), rising from ₹4,434.45 to ₹4,443.80. During the last trading day the stock fluctuated 4.57% from a day low at ₹4,369.20 to a day high of ₹4,568.80. The price has been going up and down for this period, and there has been a 7.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately ₹33.22 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 62.24% during the next 3 months and, with a 90% probability hold a price between ₹6,946.21 and ₹7,853.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TIMKEN.BO Signals & Forecast
The Timken India Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹4,522.82. On a fall, the stock will find some support from the long-term average at approximately ₹3,998.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.66%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Timken India Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹4,137.20 and ₹4,062.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Timken India Limited finds support just below today's level at ₹4,137.20. If this is broken, then the next support from accumulated volume will be at ₹4,062.80 and ₹3,390.90.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹199.60 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: ₹4,242.36 (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (TIMKEN.BO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Timken India Limited to open at ₹4,460.60, and during the day (based on 14 day Average True Range), to move between ₹4,242.88 and ₹4,644.72, which gives a possible trading interval of +/-₹200.92 (+/-4.52%) up or down from last closing price. If Timken India Limited takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,559.75 (2.61%) than the support at ₹4,137.20 (6.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Timken India Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Timken India Limited stock to perform well in the short-term.
Current score: 3.199 Buy Candidate Unchanged
Predicted Opening Price for Timken India Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₹4,460.60 ( 0.378%) | ₹4,443.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIMKEN.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,660.20 | 4.87% |
| R2 | 4,583.95 | 3.15% |
| R1 | 4,536.85 | 2.09% |
| Price | 4,443.80 | |
| S1 | 4,384.35 | -1.34% |
| S2 | 4,337.25 | -2.40% |
| S3 | 4,261.00 | -4.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,710.65 | 6.00% |
| R2 | 4,592.85 | 3.35% |
| R1 | 4,559.75 | 2.61% |
| Price | 4,443.80 | |
| S1 | 4,137.20 | -6.90% |
| S2 | 4,062.80 | -8.57% |
| S3 | 3,390.90 | -23.69% |
TIMKEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 04, 2023 | Aug 04, 2023 | Sep 20, 2023 | ₹1.50 | 0% |
| 2 | Aug 11, 2022 | Aug 11, 2022 | Sep 22, 2022 | ₹1.50 | 0% |
| 3 | Aug 01, 2017 | Aug 01, 2017 | Sep 08, 2017 | ₹1.00 | 0% |
| 4 | Aug 02, 2016 | Aug 02, 2016 | Aug 02, 2016 | ₹1.00 | 0% |
| 5 | Nov 20, 2014 | Nov 20, 2014 | Nov 20, 2014 | ₹3.00 | 0% |
FAQ
Click here for our free guide on how to buy Timken India Limited Stock.
