Time technoplast Expected Multi Bagger for year 2017

Multi Bagger Call for 2017 - Time Technoplast Ltd.

(CMP - 91.70)

Technical Indicators - 

Past 6 months' Daily Chart

The trend from above chart suggests next short term target of 115-120 levels by soon breaking the narrowing trend.

Past 2 years weekly Trends

Past 2 years' trend (pic above) suggests any downfall in prices below 90 might take it to 80--75 levels or movement, on the other hand, upwards above 94--95 will take it to 112--115 levels.

All Time Monthly Trend

Same as daily and weekly trends, monthly trend also suggests an upward movement to same levels of 115-120 in short run, thereafter taking it to 180+ levels.

Other Technical Indicators - 

Daily - 

Moving averages (100, 200) - Suggest buying, remaining suggest selling

RSI (14) - Neutral

MACD (26, 12) - Suggests selling

William %R - Neutral

Bull/Bear Power - Suggests buying

Overall, daily indicators suggest selling

Monthly - 

Moving averages (10, 20, 50, 100, 200) - Suggest buying

RSI (14) - Suggests buying

MACD (26, 12) - Suggests buying

William %R - Suggests buying

Bull/Bear Power - Suggests buying

Overall, monthly indicators give a bullish indication.

Financial Indicators - 

• Past 5 year Revenue, Net Income and EPS have been increasing, showing consistent growth in the company.
• Cash flows (operational) have been positive and somewhat constant.
• With a PE Ratio of 13.12 as against Industry's 22.75, the stock is comparatively undervalued as against its peers.

Very Short Run Target 115-120

Can turn out to a multi bagger stock for the year 2017 with a Target of 300-400 levels.