Titan spot cmp 2665
Daily time frame
Harmonic + price action study
counter is heading towards supply zone as per previous swing high levels.
Counter have bearish butterfly pattern maturing in supply zone
Counter might face some selling pressure around this supply zone.
RSI have bearish divergence with respect to price.
Reversal in trend can be seen, bearish reversal confirmation is pending.
Time for bulls to be cautious till supply zone is not cleared on closing basis.
Daily time frame
Harmonic + price action study
counter is heading towards supply zone as per previous swing high levels.
Counter have bearish butterfly pattern maturing in supply zone
Counter might face some selling pressure around this supply zone.
RSI have bearish divergence with respect to price.
Reversal in trend can be seen, bearish reversal confirmation is pending.
Time for bulls to be cautious till supply zone is not cleared on closing basis.