UNDERDOG-29

WAVE 3 BEGINNING

Long
NSE:TITAN   TITAN COMPANY LTD
LOGIC FOR CORRECTION COMPLETION.
LOOKS LIKE TITAN HAS COMPLETED ITS WXY ( ZIGZAG CORRECTION) AS PRICE GENERALLY EXTEND'S TILL 100% OF WAVE W IN WAVE Y,IN THIS CASE 100% EXTENSION COMES@1383 AND PRICE MADE LOW OF 1396.
LOGIC FOR NEW IMPULSE.
WE CAN SAY THAT NEW IMPULSIVE MOVE HAS STARTED BECAUSE WAVE 1 HAS FORMED LEADING DIAGONAL PATTERN OF 5 SUB WAVES.IF THIS WAS SUPPOSE TO BE A CONNECTIVE WAVE X FOR TRIPLE CORRECTION THAN IT SHOULD NOT HAVE FORMED 5 SUB WAVE STRUCTURE.
LOGIC FOR LONG.
PRICE HAS RETRACED AFTER FORMING LEADING DIAGONAL TILL .786% OF WAVE 1 AND HAS HAS FORMED BULLISH HAMMER CANDLESTICK PATTERN COUPLED WITH DECENT VOLUMES.RECENT LOWS OF CORRECTION ON THE DOWNSIDE WILL ACT AS SUPPORT AND CAN BE USED AS EXIT WITH WAVE 3 PROJECTED TARGET OF 1647.

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