Titan
TITAN signal for perfect entryThis post is an update to the previous entry setup posted a while back, the price is behaving as expected and is a good time to deploy the other 50% capital to average out the previous position if taken. Else wait for the wedge pattern to break and retest and take full 100% entry with one lot.
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Titan fundamentals also look strong as they are opening stores in the US for their watches and jewelry. The target can be achieved in a time of 1-2 months at max with a good 9% profit.
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Old chart posted is this one :
TITAN AT CRUCIAL LEVELAs per previous learnings, we can see in the chart that price made fake H&S Pattern and after some consolidation made higher low and now again reached at a crucial level.
So as per basic price action if it breaks the basic level of 1395 with high selling volume then after some retesting it can go down to 1300 followed by 1260.
IF It does not succeed to break the level of 1395 with high selling volume and come back to its previous levels then it can make another higher low and after that, it can give a breakdown to the above levels.
Happy Trading. :-)
Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
TITAN is available at their all time support zone || BUY TIMEPlease see the levels marked in the chart as it is there for a swing trade or long term positional trade. Please take an entry only after the channel pattern is broken + retested on nearest resistance zone.
Thanks, feel free to comment on any doubts if you have.
TITAN | Head & Shoulder Pattern BreakDown🎯⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕
--Short Below =1411.90 or CMP
--Target = 1338.15
--Stop-loss = 1460.30
--R:R =1.51
--Lot Size =750
--Expected Profit = 54,000 (5.19 % ) PER LOT
--Expected Holding = 10-15 Days only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Titan has formed head & shoulder pattern at the all time high
2) Target is based on the Longterm Trendline support & support Zone
3) Volume is perfect according to the setup
4) Bearish Engulfing candlestick Pattern with good volume
5) stock has broken the 50ema as well .
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PROFIT 33,000 per lot 🎯 (6%) in four days
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TITAN h&s patternHEAD AND SHOULDER PATTERN MADE BUT BREAKDOWN NOT DONE SO THERE IS TWO VIEW.
Bullish view - titan can long above 1520 with the sl of 1500 for the target of 1560-1580
Bearish view = Titan can short around the level of 1490 with the sl of 1512 for the tgt of 1460-1420.
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