Titan Long Trade Setup- Titan Broke out from the major resistance trendline line.
- Taking this trade setup for positional trade.
I will give a try 2 times to this setup if stop loss hits down.
Titan
TITAN ANALYSIS CONSOLIDATION PHASEIT IS NOW CONSOLIDATING BETWEEN TREND LINES ONCE IT BREAKS UPPER LINE GO LONG AND AS WE KNOW GAP HAS TO BE FILLED IT WILL GO TILL 1280 #BUT DON`T KNOW HOW MUCH TIME IT WILL TAKE AND LOWER TREND LINE MUST NOT BE BROKEN ON CLOSING BASIS AT ANY COST STILL IF IT BREAKS STRICT STOP LOSS IS 1249.40 GOOD LUCK NOTE: IF ANY BAD NEWS COMES FOR MARKET NOTHING WILL WORK
NOTE:FOR EDUCATION ONLY NO ADVICE
"TITAN" : Triangle formation (Play with the breakout direction)1. "TITAN" Forming an triangle over the charts.
2. Waiting for breakout.
3. Take a trade in the direction it breaks.
TIME FOR TITANMANAGE WITH RISK AND REWARD RATIO. FOLLOW THE RULES. TRY TO UNDERSTAND THE LEVELS.
THIS IS PURELY FOR STUDY PURPOSE.
View On NSE:TITAN Titan Compan Limited After making a Gap Down opening of around 100 points the stock is trading sideways. Nearest support for TITAN is at 1130 which will break in upcomming sessions and then it may fall till the level of 1024 was act as good support for stock in recent past and had bounce back to the 1390 from same support in last month.
So the 1130 is the nearest breakout level for TITAN while 1024 will act as long term support level. in my view Titan likely to fall till the level of 1024 and then it may bounce back and show 1200-1400. Consider this only for cash segment.
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Short Titan Bearish Divergence on MACD and Other technical indicators indicate there might be heavy selling in the coming days on Titan. Short CMP, S.L 1330 tARGET 1246 AND THEN 1208.
TITAN ANALYSISIF IT BREAKS HORIZONTAL LINE ON CLOSING BASIS IT MAY COME DOWN TO LOWER TRENDLINE WATCH IT AND IT IS TIME YOU MANAGED YOUR LONG POSITIONS SO WATCH OUT AND MR. DONALD TRUMP HAS SAID WILL NOT ROLL BACK TARIFFS :)
NOTE:NO ADVICE ONLY FOR EDUCATION
Titan's fall was evident?The stock has beautifully created a negative divergence on 25th October, 2019;
Result is sideways to bearish move for a couple of days followed by massive GAP Down.
Hail RSI Divergence
Titan -Titan - Will do one of the following two
a)Will rebound and scale upto 1389 by its earnings date on 5th Nov
b) Will move lower to around 1253 level
Titan ViewCurrent levels may act as a resistance... if broken & sustained above it may try to test resistance at trend line... if not we may see it testing lower levels
Titan Positional ViewIf sustains the breakout on weekly basis... we may see it marching towards 1650 & above levels
Beautiful cup formation in TitanProbably, the stock is gonnna go up. The formation suggests, the stock is gonna go up. Also, the current levels seem to be under wave 5 of the elliot wave analysis. The wave 5 is not complete yet. The bottom of the cup was end of wave 4.
Titan for IntradaySL is on closing basis i.e. candle closing above SL level, and target is on touching basis.
Titan Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 10 times.
LETS HAVE A CUP OF TEATITAN IS ABOUT TO FORM A CUP AND HANDLE FORMATION .......FIRST IT WILL GO DOWN 20 TO 30 POINTS THEN EXPECT A HUGE UPWARD MOVE ....I WILL UPDATE WITH THE EXACT TRADING POINTS TOMORROW AFTER MARKET OPENING
