Time technoplast

[Ashok_R]

52 week highs and all time highs strategy

Time techno cmp 306 crossed its previous all time high of 232 (posted in Jan 2018) in March 2024. During this time it formed a rounding bottom structure with bottom at 24. After crossing its ATH of 232 in March 24, it consolidated in a range of 240-290 for 10 weeks and last week gave a breakout and close above the range. Some technical analysts use the range calculation method wherein target is calculated by adding the depth of rounding structure to breakout level. If that is done in case o…