TIME FOR TITANMANAGE WITH RISK AND REWARD RATIO. FOLLOW THE RULES. TRY TO UNDERSTAND THE LEVELS.
THIS IS PURELY FOR STUDY PURPOSE.
Titan
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
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.
