TIMKEN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | TIMKEN | Market Cap | 28,224 Cr. | Current Price | 3,749 ₹ | High / Low | 3,765 ₹ |
| Stock P/E | 70.9 | Book Value | 395 ₹ | Dividend Yield | 0.96 % | ROCE | 18.3 % |
| ROE | 13.7 % | Face Value | 10.0 ₹ | DMA 50 | 3,457 ₹ | DMA 200 | 3,239 ₹ |
| Chg in FII Hold | 0.02 % | Chg in DII Hold | 0.48 % | PAT Qtr | 155 Cr. | PAT Prev Qtr | 49.8 Cr. |
| RSI | 64.6 | MACD | 59.3 | Volume | 76,793 | Avg Vol 1Wk | 2,74,143 |
| Low price | 2,800 ₹ | High price | 3,765 ₹ | PEG Ratio | 104 | Debt to equity | 0.00 |
| 52w Index | 98.3 % | Qtr Profit Var | -17.2 % | EPS | 53.0 ₹ | Industry PE | 53.5 |
📊 Chart Analysis: TIMKEN trades at ₹3,749, above both its 50 DMA (₹3,457) and 200 DMA (₹3,239), signaling strong bullish momentum. RSI at 64.6 indicates the stock is nearing overbought territory. MACD at 59.3 is positive, confirming bullish crossover. Bollinger Bands show price near the upper band, suggesting strong upward momentum but caution for possible pullback. Current volume (76K) is significantly below the 1-week average (2.7L), reflecting weaker participation despite price strength.
📈 Momentum Signals: Short-term momentum is bullish. Sustained trade above ₹3,750 could trigger further upside, while support lies near ₹3,650.
💡 Entry Zone: ₹3,600–₹3,700 (support near DMA levels).
🚪 Exit Zone: ₹3,800–₹3,850 (resistance near recent highs).
🔎 Trend Status: The stock is trending upward with strong bullish signals, though RSI suggests caution for near-term consolidation.
Positive
- 📌 EPS of ₹53.0 with consistent profitability.
- 📌 ROCE of 18.3% and ROE of 13.7% show healthy efficiency.
- 📌 Debt-free (0.00 debt-to-equity), indicating strong financial stability.
- 📌 PAT improved significantly from ₹49.8 Cr. to ₹155 Cr.
Limitation
- ⚠️ High P/E of 70.9 compared to industry PE (53.5), suggesting overvaluation.
- ⚠️ PEG ratio of 104 highlights expensive growth outlook.
- ⚠️ Trading volumes are weaker than average, showing reduced investor activity.
Company Negative News
- ❌ Quarterly profit variation at -17.2% indicates margin pressure.
- ❌ RSI nearing overbought levels, risk of short-term pullback.
Company Positive News
- ✅ FII (+0.02%) and DII (+0.48%) holdings increased, reflecting institutional support.
- ✅ Strong 52-week index performance at 98.3% shows robust price momentum.
Industry
- 🌐 Engineering and manufacturing sector remains resilient with steady demand.
- 🌐 Industry PE at 53.5 is lower than TIMKEN’s PE, suggesting premium valuation for the company.
Conclusion
📌 TIMKEN is trending upward with strong bullish signals supported by MACD, RSI, and moving averages. Traders may consider entries near ₹3,600–₹3,700 and exits around ₹3,800–₹3,850. While fundamentals are solid with profitability and debt-free balance sheet, high valuation and weak volumes warrant cautious optimism for short-term traders.
For deeper clarity, we could refine support and resistance mapping, expand on volume analysis to confirm sustainability, or dive into RSI and MACD signals for short-term trading cues.