rahul.u.bhagwat

TITAN : Breakout of Bollinger Squeeze...

Long
NSE:TITAN   TITAN COMPANY LTD
Today Titan has formed a candle that touches both the Bollinger Bands, indicating strong contraction in volatility.
A break from this band in either side should ideally give a very strong move.
Since the Monthly Bolinger has also given a Breakout, weekly bollinger is about to breakout, a followthrough is expected.
I recommend going long, or Buying 540 CE.

Dont Buy 530 CE, since it has already gained premium although the stock price fell today.



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