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T_Harth
Apr 18, 2023 8:07 AM

TITAN- Relative Strength says SELL! Short

TITAN/NIFTYNSE

Description

Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023

The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start
This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index

Today Titan is also One of the Top Losers from the Nifty 50 Index Top 20 Heavyweights
So as they Sell Weakness and Buy Strength

Hence, Look for Short Opportunities in Titan
Comments
NV_Jain
now hold titan on sell side or exit brother
T_Harth
@NV_Jain, If you are Short Titan and Long Nifty as a Trade, then Hold as a Pair Trade
If Naked Short on Titan, EXIT
NV_Jain
@T_Harth, ok thanks i hv naked poistion in titan so tomorrow i will exit from position
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