Titan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active.
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
Comment:
2581 so far :) More to come :)
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Titan 2600+
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Titan
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2545 to 2641 till now
Comment:
Titan - is everyone talking about it now ?
