Titan: Shifting to Previous price action zone
Updated
Titan had a huge supply zone on 1050 levels. Stock has traced back twice from these levels.
In third attempt, Titan has crossed the 1050 resistance level with heavy volumes.
Last Friday Nifty was bearish, But scrip has maintained the close above 1050 zone.
Thus it is supposed to keep its momentum and will now shift to levels above 1050.
The stock has a previous price action zone between 1050 to 1135. It is supposed to enter this zone again.
Entry: CMP
Target: 1135
SL: 1032
In third attempt, Titan has crossed the 1050 resistance level with heavy volumes.
Last Friday Nifty was bearish, But scrip has maintained the close above 1050 zone.
Thus it is supposed to keep its momentum and will now shift to levels above 1050.
The stock has a previous price action zone between 1050 to 1135. It is supposed to enter this zone again.
Entry: CMP
Target: 1135
SL: 1032
Trade active
Titan is following the same pattern as per our analysis.and Today has reached near our Target price...
A new pattern analysis will be posted with new revised targets as per the latest trend,
Happy trading.
Trade closed: target reached
Target reached- 7th August
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