Titan
Long/Buy position for Titan
Titan has break its 1151-1155 resistance with good volume.
Now the previous resistance is working as a support.
So we can take a long/buy trade on it.
Entry:- 1155-1160
Target 1:- 1185
Target 2:- 1225
Target 3:- 1260
Stop loss:- 1082
For safe trading always trail your stop loss in profit.
Long TitanI hope you can now see how the Titan represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Titan: Daily closing above gap zone is importantThere is a gap on daily chart @ 1150-1180...It is very important to give daily close above 1180....
If it will manage to close above 1180 then it may test it's next supply zones on the upper side @ 1210-1230 / 1265-1280 / 1270-1300 within 3 days to 3 week time.
TITAN Short I hope you can now see how TITAN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Nifty Outlook for Tuesday, 11th August | 50x InvestmentsNifty - Technical Analysis:
Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index.
On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel.
Market - Driving Factors:
All sectoral indices ended in the green today with Nifty Pharma leading the pack after it ended 5.37% in the green. The new US FDA directory which urges Americans to use locally manufactured medicines might not have a big impact on Indian Pharma companies.
Prestige Estates rose over 8% today on news that blackstone will acquire the commercial real estate assets of the company.
Yes Bank once again hit the upper circuit and ended 5% up. One would've made an 18% return in 2 weeks if they has subscribed to the Yes Bank FPO and held the shares till today.
Nifty - Outlook for Tuesday, 11th August:
Titan just announced its Q1 earnings and the company posted a loss of 270 crore rupees which was worse than what analysts had expected. This might weigh on the stock tomorrow.
ADX shows no strength of momentum on either side indicating that markets might consolidate for a while before giving a breakout in either direction. So one should avoid large directional bets on weekly options which expire this Thursday.