mr-sky

Analysis of Titan

Long
NSE:TITAN   TITAN COMPANY LTD
Titan - CMP - ₹997.85 Dt. - 17-07-2020

Some fresh buying has been seen in the stock today. If this trend remains then the will be successful to beat the level of ₹1020 to where it faces the strong resistance.
Trade active: Stock successfully breaks the resistance of ₹1042.90 and given close at ₹1057.70. Price level today touched the fresh resistance line placed at ₹1065.45.
Today's price action was because of the movement in the gold price which crossed 50k. It looks like we can see fresh buying tomorrow. If this happens, the stock will cross the resistance line.
If profit booking occurs tomorrow, then the stock can go up to new support level ₹1042.90.

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