Titan
TITAN COMPANY LTDTITAN COMPANY LTD Technically BULLISH since MAy 19 2020.
Technically view: And it's rejected 3 times to breaks 1588 level on 6th JAN, 10th FEB, 1st Apr 2021. if breaks then 1621 is another RESISTANCE 2 it must be sustained above 1621 level to continue BULLISH trend or else go for SHORT 1621 will become our STOP LOSS.
Fundamentally it's also Expensive stock so not recommended to hold or fresh BUY better EXIT at this level.
TitanDaily Chart Pattern
Breakout Candidate
Positive Volume Buildup
Share up on 20/50/100/200 EMA
Can give good 10% - 20 % gain
PROS
Company has been maintaining a healthy dividend payout of 28.24%
CONS
Stock is trading at 22.21 times its book value
Company might be capitalizing the interest cost
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Titan Company Ltd Rounding Bottom Pattern
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My SL is below a strong supporting zone.
Green lines is potential stop loss.
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targets are mentioned on the chart but if this breaks its resistance zone then we have to enter.
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Note: Do your analysis before taking any action and take responsibility for your action.
TITAN: Bullish Sequence investment pickThe sideways price action suggest that the stock prices are into a correction & once the corrective price movement completes the rally should resume to the upside again.
One should invest in the stock following buy on dips strategy till 1350 levels maintaining a sl of 1200 for targets of 1800 /2000 into coming months.
Long opportunity in TATASTEEL, TITAN, ASIAN PAINT, GRASIMThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.