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 of time techno, target can be 430. If we use retracement method potential targets are at 360 (161.8% of entire fall from 232 to 24) and 570 (261.8% of entire fall from 232 to 24) These targets are just based on simple methods described in technical analysis and may or may not be achieved. Personally I prefer to keep riding the trend based on a simple subjective level like the 10 WEMA or 30 WEMA. disc: invested.
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