Timken India: 100 DMA & Channel Breakout Above 2800

Details:
Asset: Timken India Ltd

Breakout Level: 2800 (Channel + 100 DMA)

Potential Target: 3500

Stop Loss: Below 2750 or as per risk management

Timeframe: Medium-term

Rationale: Timken India has given a dual breakout — crossing both its 100-day moving average and channel resistance above 2800. This indicates strong bullish potential toward the 3500 mark.

Market Analysis:
Technical Setup: Confluence of moving average and channel breakout is a strong bullish signal.

Sector Outlook: Industrial and manufacturing sector tailwinds, particularly in railway and heavy equipment segments, favor Timken’s long-term growth.

Risk Management:
Stop loss just below 2750 to reduce downside risk.

Timeframe:
Medium-term outlook, based on breakout confirmation and sectoral momentum.

Risk-Reward Ratio:
Strong setup with high upside potential and well-defined risk level.

Track volume support for continued momentum above 2800.