Rajesh_S

TITAN - LONG

Long
NSE:TITAN   TITAN COMPANY LTD
Reasons for going long and Setup (Positional Long):

1) About to breakout from bullish flag consolidation.
2) Crossed resistance which is now a support.
3) Trading above 50 and 100 EMAs

Entry: Can enter after breakout with good volume . Ideal entry above 1,056.00
Stop Loss: Place at or slightly below the support zone . Safe players can trail stop loss once crossed 1,070.00.
Target: First target can be the top of the pole; 1,080 to 1,085 levels where there is a resistance.
RR Ratio: 1.27 (Entry - 1,056.50; SL - 1,038.00; Target - 1,080.00)

Note: Keep a close watch on NIFTY 50.
Trade closed: target reached: First target reached. Can trail SL if needed

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.