TIMKEN - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📊 Intraday Trade Analysis for TIMKEN
Rating: 3.2
TIMKEN shows signs of short-term weakness, making it a cautious candidate for intraday trading today. Here's a breakdown of the technical and price action indicators
🔍 Technical Snapshot
Current Price: ₹3,155
RSI (35.6): Approaching oversold territory — bearish momentum
MACD (4.23): Positive, but flattening — momentum fading
Volume: 79K vs 1-week avg of 87K — slightly below average
Price Action: Trading below 50-DMA (₹3,279) and near 200-DMA (₹3,141) — weak trend confirmation
📈 Buy & Exit Strategy
If initiating a fresh intraday trade
Optimal Buy Price: ₹3,145–₹3,150 (near 200-DMA support)
Profit Target: ₹3,180–₹3,200 (minor resistance zone)
Stop Loss: ₹3,130 (below 200-DMA)
If already holding the stock intraday
Exit on Weakness: If price breaks below ₹3,140 with rising volume
Exit on Strength: If price crosses ₹3,180 with MACD uptick and volume surge
⚠️ Key Observations
Momentum Indicators: RSI is weak; MACD is losing steam
Support Zone: ₹3,140–₹3,150
Resistance Zone: ₹3,180–₹3,200
Fundamentals: Strong ROCE/ROE and low debt, but high P/E and PEG suggest overvaluation
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