Last day I published an idea on irctc .Now Titan also looks similar ready to fall,but again this is not trade to short futures it is for shorting call near strike price of recent high.Happy Trading :) NSE:TITAN
Did Titan reach its life time high and ready for profit booking ???
• 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...
Titan seems good triangle pattern break out
Camarila R3 break out already happened
Waiting for R4 breakout
If R4 breakout happens good move will happens
Moving average and day volumes adds good confidence level
hello traders and investors, as you can see my previous idea is still going great and i have added ab=cd harmonic to compliment this previous idea.
Potential reversal zone according to both setups is range 2045-2055. @055 is according to my previous idea i posted a while back you can see here...
Titan is in ascending channel which looks extremely bullish on weekly chart.
Once it breaks this channel downward we can expect a good correction of 15-17% on weekly chart which will bring it to long term support line.
#Titan heading further up in a long trendline channel with a resistance breakout today with all timeframes showing bullish momentum and trend.
retraced from the breakout and took support again and bounced back
After a consolidation, the stock has given the breakout from the previous huddles and tested the previous resistance with a successful pullback. Now, on the previous resistance levels, good green candles are been formed, showing the signs of a new uptrend.
Stock has been consistently making higher highs.
An hourly closing above 1860 can be a good opportunity for...