Now Titan Failed to Move up in last 3 week and broke down , this could lead one last push before heading for Major down trend , those who stuck can look to Get out form Position and take a short selling on reversal daily basis
Trade active
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from here onward the upside move & reverse is Good short selling Opportunity ,
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this is what i am looking , when entire Herdz is selling as brake of H & S , its not actually , look for sell set up only when rise ,
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Price is still with in the structure and convincing its move up as per forecast , Buying is not good for this move as it will be very stressful , One can look for short selling on reversal near 900+ , Remember there are no Head & Sholder pattern which have worked exactly , dont be fooled by some one who just post some artistic charts, Stick to your own views and trade in the direction of higher possibility
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so what happened to titan when people ware talking its going down and it has made head & Shoulder pattern ?? , why that pattern didn't work ?? if you think you know well or better than Professionals , then Think again ,
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it has moved its move form 776 to 889 , Now i am still expecting one last spike before the turn around , although i have booked my Long , i am looking sell on spike now
i too thought as head and shoulder pattern but thanks for highlighting my ignorance. but i felt tatamors will fall below 203 , it worked. you were telling it will not fall below , but i think tomorrow you will see more fall till 145 , thats what i feel. By the way i am happy you are updating, ifeel you are in the market silently.
nalinakshi
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yes you are right, today morning news is that management seeing good business now, so you are right, and it was key support level, so they are trying to hold that level. i too felt that way after posting my idea on titan,
priyeshkparmar
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Whats the reason you feel its up move???
I-Fund-Trader
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@priyeshkparmar, In Stock market the stock never fell straight , unless there is fundamental issues , usually they move against the trend 1st and then come down , in case the stock has to come down , same is true for moving up , if they want to move up they will fell a little and consolidate and them move up ,
I-Fund-Trader
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@priyeshkparmar, once it makes its move and stops on weak price action You can look for short selling
nalinakshi
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may be push towards 851 will create shorting, Big players are unloading their big chunk, so we get t see rallies in between, i donot know which will be the day it will fall on its knees?
I-Fund-Trader
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@nalinakshi, yes Madam , it will fall , the day you see weakness , or Narrow range with in this week after a brief rally , where the entire retail will be looking to buy , You can look for shorting Opportunity ,
nalinakshi
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even i am of this view, once that imbalance level is broken we may see the levels of 548
I-Fund-Trader
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@nalinakshi, i agree lets wait and see how it moves , buying not an advise , here the best option is sell on rise and sit in the direction of the trend
and i am still having sense it will make one more move up before cracking
Regards
Jitu1984
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Titan may find support at 800 levels only for a while. After that it will continue it's fall.. Good luck to those who paid 70PE for the stock.