Timken India Limited Stock Forecast
Timken India Limited stock price down 2.46% on Friday
(Updated on Jun 28, 2024)
The Timken India Limited stock price fell by -2.46% on the last day (Friday, 28th Jun 2024) from ₹4,384.15 to ₹4,276.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.80% from a day low at ₹4,258.75 to a day high of ₹4,420.50. The price has fallen in 6 of the last 10 days and is down by -0.59% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately ₹18.65 million.
Given the current short-term trend, the stock is expected to rise 59.03% during the next 3 months and, with a 90% probability hold a price between ₹6,800.42 and ₹7,895.36 at the end of this 3-month period.
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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 ₹4,438.03. On a fall, the stock will find some support from the long-term average at approximately ₹4,115.70. 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). 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 -9.22%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Timken India Limited stock
Timken India Limited finds support from accumulated volume at ₹4,137.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹161.75 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: ₹4,129.48 (-3.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (TIMKEN.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Timken India Limited to open at ₹4,318.52, and during the day (based on 14 day Average True Range), to move between ₹4,082.90 and ₹4,469.70, which gives a possible trading interval of +/-₹193.40 (+/-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 9.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,301.50 (0.59%) than the support at ₹4,137.20 (3.25%), 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: 3.656 Buy Candidate Unchanged
Predicted Opening Price for Timken India Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹4,318.52 ( 0.99%) | ₹4,276.30 |
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 | 4,480.27 | 4.77% |
| R2 | 4,418.48 | 3.32% |
| R1 | 4,380.31 | 2.43% |
| Price | 4,276.30 | |
| S1 | 4,256.73 | -0.458% |
| S2 | 4,218.56 | -1.35% |
| S3 | 4,156.77 | -2.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,710.65 | 10.16% |
| R2 | 4,592.85 | 7.40% |
| R1 | 4,301.50 | 0.589% |
| Price | 4,276.30 | |
| S1 | 4,137.20 | -3.25% |
| S2 | 4,062.80 | -4.99% |
| S3 | 3,390.90 | -20.70% |
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
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