Timken India (ABC Bearing)

After the fall from the 165 levels to 132 post the second quarter results, the stock retraced back to 165 within only 3 trading sessions whereas earlier fall had taken around 8-9 trading sessions. This in technical analysis terms is called faster retracement. This lends some bullish strength to the stock provided the earlier bottom of 132 holds out. In this mayhem in the last 3-4 sessions, the stock has not violated the bottom so there could be some upsides coming. Fingers crossed. I am holding on.