Titan - Keep On Watch
CMP 3580 on 03.02.25
The above chart shows that the price has been traveling in a rising parallel channel in recent sessions. At this moment, the price has touched the upper edge of the channel. If rejected from these levels, a bearish move may be seen further.
Targets may be 3510/3330 and 3190.
Please keep in mind the earnings day around 4th February.
This setup fails if the price sustains above 3710.
Plan your trade as per your risk management. ( entry and exit)
The above illustration is my view. It is only for learning and sharing purposes, not a trading recommendation.
All the best.
The above chart shows that the price has been traveling in a rising parallel channel in recent sessions. At this moment, the price has touched the upper edge of the channel. If rejected from these levels, a bearish move may be seen further.
Targets may be 3510/3330 and 3190.
Please keep in mind the earnings day around 4th February.
This setup fails if the price sustains above 3710.
Plan your trade as per your risk management. ( entry and exit)
The above illustration is my view. It is only for learning and sharing purposes, not a trading recommendation.
All the best.
Trade active
Reacted according to the setup. Crossed the first target of 3510. CMP 3475. Note
Reached 3400 on 2nd day. CMP 3410 EOD 06.02.25Note
Reached 3330 today on 10.02.25Trade closed: target reached
From 3650 to 3320. Enough movement in the desired direction. trade closed.Note
Reached 3220 today on 12.02.25Note
All targets reached. Touched the final target of 3190 on 01.02.25.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.