Time Technoplast Experiences Technical Indicator Shifts Amid Strong Long-Term Performance

Time Technoplast, a midcap player in the plastic products industry, has recently undergone an evaluation revision reflecting shifts in its technical indicators. The company's current price stands at 374.20, slightly down from the previous close of 378.75. Over the past year, Time Technoplast has shown a notable stock return of 81.34%, significantly outperforming the Sensex, which recorded a return of 5.89% in the same period.
In terms of technical metrics, the MACD indicates a bearish trend on a weekly basis, while the monthly perspective shows a mildly bearish stance. The Relative Strength Index (RSI) remains neutral for both weekly and monthly evaluations. Bollinger Bands present a mildly bearish outlook weekly, contrasting with a bullish monthly trend. Daily moving averages reflect a bearish sentiment, while the KST shows a bearish weekly trend but a bullish monthly trend.

The company's performance over various time frames highlights its resilience, particularly over three years, where it achieved a remarkable return of 419.36%, compared to the Sensex's 31.94%. This performance underscores Time Technoplast's ability to navigate market fluctuations effectively, despite recent adjustments in its technical evaluation.