In 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...
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...
🚧 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,...
Titan looks good to buy if sustains above 2200 for the marked target on the chart.
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InvestPro India Team
📈 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....
After negative sentiments market is trying to recover a bit and wrt. Titan the stock moves 8.3% last week (Mar 11 - Mar 17' 2022).
We can go for long if the stock breaks 2900.
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...
EXPLANATION : 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...
EXPLANATION : This is a 45 min time frame chart of TITAN . It has formed Symmetrical Triangle Pattern , both side levels marked in chart .
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ENTRY, EXIT/SL, TARGET AS PER CHART
ENTER AT YOUR OWN RISK AND RISK MANAGEMENT.
BUY ONLY IF LEVEL OF SL REMAINS UNTOUCHED BEFORE ENTRY LEVEL IS TRIGGERED
Titan
Retraced to Fib level
Resistance levels will be around 1295-1310
Support around 1268-1255 in short term
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Updated on : 12-NOV-2020 7.50pm
Disclaimer: Only for learning purposes.
I asked to short sell this stock, Result is in your hand:
Look at the below chart and Titan-Kundli .
Thanks to all for supports.
Regards,
Kinnari(Your Best Friend.)
Retracement(1) 38.2% at 978 as resistance .
Retracement(2) 38.2% for target at 879 neaby is easy.
Previous support can turn as the resistance between 1029-996.
You have to wait for the level to trade.
