Stock is perking higher.. Very good setup with low risk. buy range: 140-160 SL 120 Target 260( just trail)
Rejecting Lower Price Breakout Zone Bullish Pin Bar
It is been observed that the price action forms a descending triangle on hourly chart, forming lower highs. Now the price action breaks out from the triangle, indicating weakness ahead. Target: 532 Stoploss: 552
As we can see in the Chart Titan has taken support again at a major trend line support and especially on a day when nifty was down .73% and it has formed a DOJI and its now trading in a very tight channel. I might be wrong but now to go long in Titan with a small stoploss of 380 on a closing basis for a target of 390-395-400 within this series.
After long continuation downtrend, yesterday the price action breaks through the downward trend line with hugh volume and also at the same time breaks out from a short Flag pattern. It signals a strong trend change and a bullishness in price action. The price action shall move towards the previous support at 570 levels and another strong support at psychological...