Rs 64 to Rs 111: Time Technoplast witnesses a strong surge in just 44 trading sessions! Tap to know the targets!

It gained another 5 per cent on Tuesday and hit a fresh 52-week high of Rs 111.75.

The stock of Time Technoplast Limited has witnessed a stellar run in the short term as the shares have risen over 73 per cent in a matter of just 44 trading sessions. It gained another 5 per cent on Tuesday and hit a fresh 52-week high of Rs 111.75. The volumes have been above-average recently, indicating a strong buying interest among the market participants.   

As per the technical parameters, the stock is in a strong bullish mode. On the weekly timeframe, the 14-period weekly RSI (66.69) indicates strong strength in the stock. The MACD histogram on the daily timeframe continues to rise and indicates bullish momentum of the stock. The OBV is at its peak and demonstrates strong strength from the volume perspective.   

Considering its overall bullishness, the stock is expected to test the level of Rs 125, followed by Rs 141 in the medium term. It has strong growth prospects and is expected to post good quarterly numbers in the times to come. Traders and medium-term investors have a good opportunity for swing trading and can expect good gains from this stock in the times to come!