Did Titan reach its life time high and ready for profit booking ???
Reasons/Traits : • Wedge pattern break out target reached (width of wedge would be the target) • Inside bar/Bearish Harami candle formation seen today • Titan is at life time high • Is in overbought zone with decreasing volume
What can happen next : Scenario 1 : Uptrend can continue to reach 4.618 levels of ABCD pattern /2080/2100 levels Scenario 2 : Profit booking to go downside of 0.236/0.5/0.618 and go uptrend
2000-2100 levels are an important zone, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Scenario 1 activated and reached all targets, not ready to give up...