Titan confirms Double bottom - Reversal of downtrend
As we see Titan confirmed Double Bottom pattern by closing above 325 level. Also there is positive divergence in RSI & MACD histogram indicators at the two bottom levels namely at 303 & 308 confirming the reversal of downtrend. On balance volume also rising. It achieved target price of 350 levels as per double bottom pattern calculation. Next Target price is 375 . Lets see what the pattern unfolds in days ahead
Trade active
Titan consolidating at 360 level since 2 daysTrade closed: target reached
Target achieved , made a high of 378.Trade active
Next target of 390Trade closed: target reached
Target achieved !!!
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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.