NSE:TITAN
Price is falling from a 2HR RZ SZ and coming towards an FLZ zone, we have another FTR zone below it.
So
1. I think price will go through the FLZ kiss FTR and then bounce back up.
2. If the arrival is fast there is a gap down opening, although very little possibility but then the price can go down.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Titan was recommended at 1522 on 18th of May to WApp group members for a positional target of 1620. The stock has today made a high of 1614. At this Juncture, Titan is forming a bullish rectangle too whose targets on the upside are even farther.
Buy: Titan
CMP: 1608
Target: 1800
Stop Loss: 1535
NSE:TITAN
Buy Above 1460 on Hourly closing Basis
Target on the upper band of parallel channel i.e. around 1580
Stop loss at just below Support zone i.e. 1395 on Daily Closing Basis
Titan has taken perfect support from its multiple time tested support zone of 1405-1420
Given outside closing of short-term downwards trendline
Good risk-reward trade...
After a brief trending period, Titan is in Accumulation Zone which once broke it will reach its All-Time High.
One can initiate the trade with Trailing Stop loss.
Unless it's gap up or gaps down, Titan would be a perfect share to long on an intraday basis if it breaks the trendline with decent volume. The Risk-Reward ratio is also perfect 1:2 where 10 points will be SL and Target will be 20 points.
Execute Long only if the RSI breaks the trend line in upside with day candle close for a target of 1526.
Execute short if the price breaks the neckline ( Strong support zone ) and manages to stay below it for a target of 1300 & 1200.
Right now the stock is in indecisive mode. Don't take any heavy positions for now. Execute only if the above conditions met for...
++Lower High's and Low Formation++
Sell immediately with small stop loss for Target 1400 and 1365 alternatively buy breakout of this channel above 1475-80 for short term Target 1500/1520/1550
((Remember 1400 is an important support and a decision point for the stock on daily and weekly time frame))
~This analysis is only for Educational purpose~
Pls do comment if...
In continuation to my previous analysis. where we were bearish first but after testing the support level titan came back up to the same resistance band. In this shorter time frame we can see how the price have consolidated in this resistance band. Wait for a breakout it can give a good bull run, of the market stays non-bearish.
Trade wisely...
Titan breaked out falling trendline
Sustaining above 1460-65 willl be a good buy
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
TITAN Analysis
Sell- Below 1390
SL - 1425
Target - 1330 1250
Titan is ready for its downtrend below 1390. So, either you book exit your long if price starts trading below 1390. You can short as it is a F&O stock.
Always hedge your positions either in long or in short.
I will be bullish if stock closes above 1630 in upside. But there is very less room in upside....
