Mildly Bullish Trade in Titan for Sep Series
Detailed Technical View on the Security :
- Trading above 20D/50D/200D-EMA in daily & weekly
- Higher High / Higher Low BULLISH formation
- RSI crossing > 50 from below indicating strength
- Drop in volatility (indicating stability)
- High Open Interest build up at 3600/3700 (resistance)
- Buy on dip setup in the stock is forming
- Medium IV in the stock
Ratio Spread seems good, but adjustment planned after a week to manage risk
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