Titan
Updated
Titan may be making a Bearish Head and shoulder pattern on yearly charts.
940 being the shoulders and 990 levels is the Head.
We should wait for confirmation which a closing below 800 levels for 2 consecutive days. After confirmation targets mat be 760 740 levels and may be more.
940 being the shoulders and 990 levels is the Head.
We should wait for confirmation which a closing below 800 levels for 2 consecutive days. After confirmation targets mat be 760 740 levels and may be more.
Trade active
Titan didn't participate in this 200 point Nifty rally and it closed below its 200 50 DMA for 3 consecutive days.This is a strong sell and 200 50 DMA crossover may be coming in next few days which is an even more bearish sign.
Trade active
Modify stoploss to 840 and wait for 810 levels.Trade closed: target reached
Target of 810 reached.Trade closed: target reached
740 reached
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.