Titan is consolidating in the rectangle form within the range 483 - 490. RSI shows strength by moving between 45 to 60. When the rectangle breaks one can buy the stock above 491 with the stoploss of 485. Targets are 496, 500 and 505. Close above the rectangle will make the price to move upside faster.
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After forming double bottom price is moving up. Lets see whether it breaks the resistance.
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padiyara
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Also a pole & flag pattern is very obvious, an if turns out to be true, this can bring a 50 points, on break of 490.
ie: ₹540, wow, that is a great 10 5 gain in a shot time.
vanathi
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@padiyaraa, Yes titan always consolidate and break it giving huge profit.
ie: ₹540, wow, that is a great 10 5 gain in a shot time.