joel-vg

Analyzing titan On an Hourly chart

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joel-vg Updated   
NSE:TITAN   TITAN COMPANY LTD
The following points i deduce from the Titan chart

1) The fall from 1344 to 719 looks Impulsive

2) The fall has been retraced by 38 %

3) Although Titan can still go above , it will still be considered as part of corrective wave.

Hence to conclude

Titan is not good for investment at the present levels & let the market show the correct level to enter the trade

results are on May 5th
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