Rounding Bottom Pattern . My SL is below a strong supporting zone. Green lines is potential stop loss. . targets are mentioned on the chart but if this breaks its resistance zone then we have to enter. . . Note: Do your analysis before taking any action and take responsibility for your action.
Titan has given breakout...will wait for 4 hour candle to close before i enter
RS is indicating strength inncurrent upmove. Wide bullish candle is another signal of likely upmove. 10 & 20 EMA are supportive of uptrend. RSI abv 60 is positive for uptrend. Buy above 1594 sl 1524 target 1780+
There is a clear breakout of the triangle pattern. Also, the volume at the breakout level was high so, one can take a long position at the current levels.
Levels Mentioned on chart..
Titan strong closing on D chart. Would breakout the TL if crosses previous day high. Looks good for a 5% gain and 1:1 trade or intraday traders for 30th March.
The 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.
The 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.
As per triangle pattern goin on in Titan, we should wait and watch for breakout and then create fresh long or short position depending on which side it gives breakout. I am personally looking for upside breakout
wait for brakout.this analysis is only educational purpose.this is not any tip or call.Do Action After Your Own Analysis.
Stock bounced from TL support in last session. Good to buy above 1470. However If TL is broken then stock would test the support zone for targets of 1422, 1413
Waiting for price to test 1370-1380 to search for entry opportunity. DCB 1260 is the stop loss. If price reverses from 1370 then expectation will be of 1750+ levels. Disc : it's not an investment advice to buy or sell
Titan is struggling to cross 1470. If sustains below 1450 then 1414/1398/1340 are possible. Regards
ready for 12% upside trade and invest at your own risk
Multi year resistance will now act as strong support.
This 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. ------- Titan fundamentals also look strong as they are opening...