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Retest of Breakout and Rally Base Rally Zone | Titan

Long
NSE:TITAN   TITAN COMPANY LTD
In the world of trading, spotting breakout opportunities and understanding retests can be the golden ticket to success. Today, we're diving into Titan's recent journey, breaking down the technical jargon for our fellow traders.

Key Breakout Details:
  • Titan broke resistance days ago, hitting an all-time high.
  • Before the breakout, consolidation set the stage for the upward move.
  • Currently, Titan is retracing to retest the breakout.
  • On the daily timeframe, the uptrend is confirmed, and no Supply zones are in sight.
  • We're focusing on the 75-minute chart for this analysis.
  • Rally Base Rally (RBR) zone at previous resistance is crucial for retest analysis.
  • This RBR zone also appears on 15-minute and 125-minute timeframes.

Trade Strategy:
  • Buy at the 75-minute demand zone.
  • Place Stop Loss below the demand zone with a buffer.
  • Target the all-time high.
  • For a riding rally, regularly adjust Stop Loss and target.

Educational Reminder
This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered analyst.

Lastly, thank you for your support, your likes, and comments. Happy trading! 🚀💹📈📊

Remember: "The market is a device for transferring money from the impatient to the patient."

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