Titan - Sideways to BullishAfter 5 days of downtrend stock currently at hourly support
Even daily support is nearby
Stock may try to go sideways to bullish
Area of support from 3360 to 3320
It may try to make many hourly Doji candles (Sideways) before turning upwards again
Upper side resistance 3440 / 3520
Titan
Love is in the Air: Top Wedding Stocks in this season◉ Abstract
The Indian wedding industry is a huge part of the economy, worth about ₹10 lakh crore (around $130 billion), making it the fourth largest industry in India after food and groceries. Families spend a lot on weddings, often around ₹12 lakh (about $15,000), which is more than what they spend on their children's education. Every year, India sees around 80 lakh to 1 crore weddings, mostly during the busy season from October to December.
This industry includes important sectors like jewelry, clothing, hospitality, and travel, with bridal jewelry making up over half of all jewelry sales. As incomes rise and people spend more on luxury weddings, the industry is expected to grow even more, supported by government efforts to promote India as a top wedding destination.
Read full analysis here:
◉ Introduction
The Indian wedding industry is a vibrant and expansive sector, estimated to be worth approximately ₹10 lakh crore (around $130 billion), making it the fourth largest industry in India, following food and groceries. This industry is characterized by its cultural significance and economic impact, driving consumption across various sectors.
◉ Overview of the Indian Wedding Industry
● Economic Significance
➖ The Indian wedding economy is a major driver of economic activity, with families spending substantial amounts on weddings, often exceeding expenditures on education for children. On average, an Indian wedding costs around ₹12 lakh (approximately $15,000).
➖ The industry is projected to grow significantly, with estimates suggesting it could expand by 3.7 times over the next five years due to rising incomes and changing consumer preferences.
● Wedding Season Dynamics
➖ India hosts about 80 lakh to 1 crore weddings annually, primarily peaking between October and December. This period coincides with festive seasons, further boosting spending.
➖ Weddings in India are known for their grandeur and can include elaborate celebrations lasting several days, often with thousands of guests.
◉ Three Major Sectors Within the Industry
The Indian wedding industry encompasses various sectors that contribute to its overall growth:
i. Jewellery:
➖ This sector is the largest beneficiary, with bridal jewellery accounting for over 50% of all jewellery sales in India.
Stock to keep on radar from this sector:
1. Titan NSE:TITAN
2. Kalyan Jewellers NSE:KALYANKJIL
3. Senco Gold NSE:SENCO
ii.Apparel:
➖ Weddings contribute to around 10% of the apparel market, with significant demand for bridal wear.
Stock to keep on radar from this sector:
1. Vedant Fashions NSE:MANYAVAR
2. Aditya Birla Fashion & Retail NSE:ABFRL
3. Arvind Fashions NSE:ARVINDFASN
4. Raymond NSE:RAYMOND
iii.Travel and Hospitality:
➖ Destination weddings are gaining popularity, leading to increased demand for hotels and travel services.
Stock to keep on radar from this sector:
1. The Indian Hotels NSE:INDHOTEL
2. EIH Limited NSE:EIHOTEL
3. Chalet Hotels NSE:CHALET
4. Interglobe Aviation NSE:INDIGO
◉ Future Prospects
The Indian wedding industry is expected to continue its robust growth trajectory due to:
● Increasing disposable incomes among the younger population.
● A growing trend towards luxury spending on weddings.
● Government initiatives like the "Wed in India" campaign aimed at promoting India as a premier wedding destination globally.
◉ Conclusion
In conclusion, the Indian wedding industry not only holds significant cultural importance but also serves as a powerful economic engine impacting various sectors across the country. As consumer preferences evolve and economic conditions improve, this industry is poised for substantial growth in the coming years.
Double bottom reversal with bullish engulfing candle in TitanNSE:TITAN A double-bottom reversal from the 3120-3140 level can be bought and the target can be achieved at 3750-3800. A bullish engulfing candle has been formed in the weekly time frame confirming the reversal.
A stop loss to 3150 or a closer swing is advisable. The risk-to-reward ratio can be managed at 1:4.
Titan Investment/Trading strategy for the week starting 11/11/24Titan appears to have found a support level and may have bottomed out, presenting a favorable buying opportunity. Here are the suggested entry and target levels:
Buy Setup
Buy Above: 3,200
Targets: 3,270, 3,350, 3,410
Rationale: If Titan surpasses the 3,200 mark, it could signal a recovery and upward momentum. Achieving the first target at 3,270 may lead to further gains, reaching subsequent targets as market sentiment turns positive.
No sell call has been provided, as Titan appears to be at a strong support level, indicating limited downside potential.
Disclaimer
I am not SEBI Registered. This analysis is intended solely for informational purposes and should not be considered as financial advice. Please conduct your own research or consult a professional before executing any trades. Trading in financial markets carries significant risk, and past performance does not guarantee future results.
Titan Trading/Investment OpportunityTitan Buy Analysis
As per the current market scenario, Titan appears to have found a support level and may have bottomed out, presenting a favorable buying opportunity. Here are the suggested entry and target levels:
Buy Setup
Buy Above: 3,220
Targets: 3,270, 3,350, 3,410
Rationale: If Titan surpasses the 3,220 mark, it could signal a recovery and upward momentum. Achieving the first target at 3,270 may lead to further gains, reaching subsequent targets as market sentiment turns positive.
No sell call has been provided, as Titan appears to be at a strong support level, indicating limited downside potential.
Disclaimer
I am not SEBI Registered. This analysis is intended solely for informational purposes and should not be considered as financial advice. Please conduct your own research or consult a professional before executing any trades. Trading in financial markets carries significant risk, and past performance does not guarantee future results.
TITANNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Titan By KRS chartsDate: 23rd July 2024
Time: 12:15 PM
Why Titan?
1. On Weekly TF, 100Ema is good support underneath.
2. With 100EMA Bullish Continuous Divergence clearly visible with MACD as we can see in chart.
3. Wave Theory also suggest that Titan is in 5th wave on bigger cycle and seems like 4th wave is finished in smaller cycle so there is one more leg of 5th wave upside is remaining.
After considering all the above points we can buy Titan Company for ATH and further towards upside with the SL of 3050 Rs from current price.
TITAN - Swing Trade Analysis - 23rd July #stocksTITAN (1W TF) - Swing Trade Analysis given on 23rd July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Weekly Support Consolidation with Volumes buildup - Done ✓
- Strong Pullback from Weekly Support Level - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
TITAN FOR TARGET 3570Titan Company Limited is an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore, and registered office in Hosur, Tamil Nadu.
Now i am considered titan for bottom fishing. i am expecting a good move in titan for 3/4 %.
CMP : 3458
SL : 3360
TARGET : 3570
Note :This is not stock recommendation this only for educational purpose.
TITAN - 30% upside potential- Here's Why!D TF
Overview & Observation:
1. RRR is favourable (around 1:4 RRR)
2. Good strength in buying
3. Prices rejecting from the demand
4. Double bottom formation in D tf
5. ATH resistance breakout expected.
Trade Plan:
As per the markings on the chart
Entry = CMP
SL = 7%
TP = 30%
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TITAN - Triple Top Chart PatternTitan has formed a bearish chart pattern called Triple Top.
Triple top is a bearish chart pattern which is formed in an uptrend where three tops are lying on a flat horizontal resistance line and pattern will activate only when closing below the neckline or support. Pattern will activate only below the closing 3475 marks.
Triple top pattern is one the rarest chart pattern with high accuracy.
Thank You
Arvind Share Academy
TITAN BULLISH VIEWTITAN is in a bullish trend
A triangle pattern is formed in this chart
There is a good demand zone
From here big players can enter
From here the stock can be more bullish
Entry @ CMP
1st target @ 4130
2nd target @ 4450
Stop loss @ 3545
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
so please keep TITAN in your watchlist for long term investment.
If yoy like my view, do support it with a boost whitch is valuable inspiration for me to post ideas like this in future. thank you friends!
TITAN double bottom patternTITAN create double bottom pattern at support level of 3519.75.
After breakout of level of 3644.45 price is retracing here.
between 1-3 days if market create any bullish candle in this area we will be long for 3850
Our First Target : 3850-3859.35
Buy Above this range : 3654-3662
Stop loss : 3628
Great opportunity for short selling in TitanAfter a good rally in Titan , now it has been exhausted . Bear engulfing pattern can be seen in 1D timeframe .
Support has been broken today and closed below the trendline.
Easy 3-4 % profit can be made or maybe 5% if it goes below RS 3549.
SL:-3765.60
TARGET :-3549
Book 60% quantity with trailing SL and go target for 3500 RS.
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