Titan
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.
Titan: Shifting to Previous price action zoneTitan had a huge supply zone on 1050 levels. Stock has traced back twice from these levels.
In third attempt, Titan has crossed the 1050 resistance level with heavy volumes.
Last Friday Nifty was bearish, But scrip has maintained the close above 1050 zone.
Thus it is supposed to keep its momentum and will now shift to levels above 1050.
The stock has a previous price action zone between 1050 to 1135. It is supposed to enter this zone again.
Entry: CMP
Target: 1135
SL: 1032
Titan shifting toward new Vale Area Hello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS.
Past the price is consolidate between 930-1030 range from past june. After consolidation between 100 points range its gives a fresh breakout which retest done by yesterday ( I mention point in the chart ) and now price is shifting toward new Value area. If price break yesterday high then we will see price toward 1100-1150-1200 in upcoming weeks.
You can add some share of titan in our portfolio
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TITAN Trade setup GO LONG ... MUST WATCHHi guys this is Trader Kanishk
In this video i have analysed TITAN my fav stock
Points discussed in the video:
Why to go long in TITAN
has TITAN taken support
trendline breakout in TITAN
TITAN new support levels
TITAN new targets
TITAN new stoploss levels
TITAN entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Titan share for long entryWe have picked up titan share for long entry above the level of 1060 for the target level of 1084. The stock is trading in the range since long time.
Stock is trading above the 50 EMA level . So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask