Tradermonk
Long

Titan confirms Double bottom - Reversal of downtrend

NSE:TITAN   TITAN COMPANY LTD
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 days
Trade closed: target reached: Target achieved , made a high of 378.
Trade active: Next target of 390
Trade closed: target reached: Target achieved !!!

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