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 -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
Titan company entered uptrendThe stock fell sharply around 8 July and had been weak. But in the last session, the stock has crossed important levels of 1100 and 1140. It has entered a bull phase and will have up trend till its above 1104.
TITAN LONG ( POSITIONAL )TITAN LONG ENTRY 1097, STOP-LOSS 1081 , TARGET PRICE 1136.
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION .
Titan Clasic Example of Channel Break and Retest TradeReasons For Trade- 1.Price has Broken 4 Hour channel
2. Price is Retesting the important resistance of 1075 wich was support earlier
3.Daily Trend is Down
4.Risk Reward 1:2
Sell at 1070-1075 Stoploss 1093
Target 1010
(Intraday- Sell at 1070 Stoploss 1093 Target 1030)
Titan sell for 1000 and 980 Reasons for Trade-
1- Rising gold prices is big concern for titan
2.Daily and weekly trend down
3.Flag or channel breakout possible
4. Risk Reward 1:2
Sell below 1030 Stoploss 1046 Target 1000-980
Titan Buy above 1110Titan has formed an inverse head and shoulders pattern. A short term target is 1200.
Buy only if it closes above 1110 on Friday.
