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priceNpedia
Nov 16, 2019 11:42 AM

TITAN Long

TITAN COMPANY LTDNSE

Description

After falling nearly 10 Percent due to weak results.
Price has come out of downward channel and is re-testing the channel again.
Titan could be bought with

price target of 1241
CMP : 1158
STOP LOSS : 1147

Risk Reward would be around 1:8

NOTE :-

None of my analysis should be considered a recommendation , it is purely my view on technicals.
I dont trade in options nor do i suggest to trade in them.

Comments
duggumehta
Any possibility to reach target in this expiry?
priceNpedia
@duggumehta, technical set up indicates that it should happen soon.... but dont take position in options.
samarcal123
nice analysis. same thing with infy?
priceNpedia
@samarcal123, absolutely u got it....Missed infy bus... wanted to catch this one.
priceNpedia
@samarcal123, only diffrence is.. in infy the price came out of triangle ..and here it is coming out from a parllel channel.
samarcal123
@ZubairMir, tank you for so prompt and logical answer.
priceNpedia
@samarcal123, welcome
leenasanj
@ZubairMir, Sir, which 1 is more powerful triangle or parallel channel?
priceNpedia
@leenasanj, both of them...which ever holds...cant classify them on this basis.
priceNpedia
@leenasanj, To be precise it is the context in which a traingle or parllel channel is formed ...is what matters...
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