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-NSE
Retest of Breakout and Rally Base Rally Zone | TitanIn the world of trading, spotting breakout opportunities and understanding retests can be the golden ticket to success. Today, we're diving into Titan's recent journey, breaking down the technical jargon for our fellow traders.
Key Breakout Details:
Titan broke resistance days ago, hitting an all-time high.
Before the breakout, consolidation set the stage for the upward move.
Currently, Titan is retracing to retest the breakout.
On the daily timeframe, the uptrend is confirmed, and no Supply zones are in sight.
We're focusing on the 75-minute chart for this analysis.
Rally Base Rally (RBR) zone at previous resistance is crucial for retest analysis.
This RBR zone also appears on 15-minute and 125-minute timeframes.
Trade Strategy:
Buy at the 75-minute demand zone.
Place Stop Loss below the demand zone with a buffer.
Target the all-time high.
For a riding rally, regularly adjust Stop Loss and target.
Educational Reminder
This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
Lastly, thank you for your support, your likes, and comments. Happy trading! 🚀💹📈📊
Remember: "The market is a device for transferring money from the impatient to the patient."
Titan, Reverse Head and Shoulders.Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern.
Stoploss would be just below the resistance channel.
First target would be at around 3775 levels, although given the volatile nature of the markets since after the massive bull run of 2020-2021, I would strongly advise using a trailing stoploss of 20EMA on the weekly chart.
That said, as usual, please ensure appropriate position sizing and risk management practices.
Titan Breaks Resistance, Soaring to New Highs🚧 Introduction 🚧
Titan, a stock that has been supported by a trendline since the COVID-19 period in March 2020, has exhibited a strong upward trend. However, it encountered a formidable resistance zone between October 2021 till May 2023, ranging from 2677 to 2791. This resistance acted as a significant supply zone for nearly 20 months. Finally, on May 29, 2023, the stock broke through this supply zone and is currently trading at an all-time high of 2861.
⚙️ Analysis ⚙️
Titan has found support from a trendline.
Between October 2021 and May 2023, the levels of 2677 to 2791 served as a strong resistance zone.
On May 29, 2023, Titan broke above this resistance and is currently trading at 2861, an all-time high.
🔍 Trading Strategy 🔍
Traders have two options based on their risk appetite:
Aggressive traders can consider buying above the high of the breakout candle.
Safe traders may choose to wait for a retest of the breakout level and then enter a buy position.
⚠️ Disclaimer ⚠️
This analysis is for educational purposes only, and I am not a SEBI registered analyst. Please conduct your own research and consult with a certified financial professional before making any investment decisions.
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📚 Technical Terms Explained 📚
Trendline: A line drawn on a chart to connect multiple price points and identify the direction of a trend.
Resistance: A price level where selling pressure outweighs buying pressure, causing the price to reverse or stall.
Breakout: The point at which the price breaks above a significant resistance level, indicating a potential upward movement.
Titan Analysis !! Broke Out.📈 Titan Company Ltd. 📉
This broke out from a Resistance Zone of 2665-2695 and closed above previous swing high of 2600 .
On Buy Side I am looking for Targets of 2950.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 2500-2550 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Titan moving towards new highs.Titan has closed above the resistance level and formed a new ATH.
The stock has broken the resistance level with volume confirmation and on fib levels can travel up to 2835.
On an hourly time frame the stock has formed a flag and pole formation.
Wait for the levels to be respected or broken and watch for the chart pattern to form near the predefined levels.
Support:- 2670, 2600
Resistance :- 2715.
The stock can give a nice move on the long side if closes above the immediate resistance level.
Swing SetupEXPLANATION : This is a 45 min time frame chart of TITAN . The stock has been in a uptrend for days , I am seeing a very good selling opportunity in TITAN because of many reasons . It has formed head and shoulder pattern , gap pending in market It goes to correction . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup .
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