Titan Company - Intraday Breakout Setup

📈 Titan Company - Intraday Breakout Setup 🚀

The price is showing signs of upward momentum with a clear reversal signal from the support zone. This aligns with a bullish intraday view, supported by recent candlestick patterns.

🔍 Key Factors Supporting the Bullish Intraday Move:
1️⃣ Candlestick Pattern: Formation of a strong bullish candlestick near the support area, indicating potential buying pressure.
2️⃣ Support Zone:

Price is holding above ₹3,346.
Key horizontal support at ₹3,340 strengthens this level.
3️⃣ Moving Average: The price is moving closer to the 50-day MA, suggesting potential upward movement.
🚀 Upside Targets:

First Target: ₹3,456.80 (recent resistance).
Second Target: ₹3,480 (intraday high potential).
🚨 Risk Management:

Stop Loss: Below ₹3,340 to limit downside risk.
💡 Pro Tip: Monitor for volume confirmation during the breakout for additional entry confidence.

🔔 Stay tuned for more actionable market setups!