Stockoholic_PearlCity

Titan: Expecting a reversal from here?

Long
NSE:TITAN   TITAN COMPANY LTD
Positive
Ascending CPR formation after a long consolidation over the past 5 months
Above 20 & 50 EMA
Central Pivot Range support looks good so far

Please let me know if you see any negatives
Do your own analysis and do not follow anyone blindly

Comments

HDFC Securities has given Titan Company Ltd (NS:TITN) a target price of Rs 1,400, a 17% potential decrease from its current price of Rs 1,688. It says the estimated outlook for Q1 FY22 is weak and that it has built in -2% EBIT margin at company level. HDFC (NS:HDFC) Securities expects 1/-11/-12% EBIT margins for jewellery/watches/eyewear respectively. It has also built in a 55.5% topline growth for Titan (two-year CAGR -23%).

Stay Cautious
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No reversal seen
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