Titan
Idea#7 Opportunity in TITANTITAN COMPANY is trading near to 300 EMA. AS PER RSI IT IS IN OVERSOLD ZONE.
Here is an opportunity to make long or short the TITAN COMPANY. Below are the stats for your consideration:
Buy Side Stats:
CMP: 800.60
Buy above: 795
SL: 785
TGT: 843
Sell Side Stats:
CMP: 800.60
Sell below: 785
SL: 795
TGT: 750
Note: Do not trade without Stop Loss
TITAN _H&S PatternWaiting for breaking the neckline, i.e stock has to close below 820 levels to mark it as a breaking the neckline. Only post that a short can be initiated i.e. only after the confirmation. Once confirmed Stock can see levels of 600; SL: 943.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Titan - Looking good to shortTitan has formed head & shoulder pattern
Currently it's forming right shoulder so looking good to sell around 900 (small bounce back).
All indicators are also at sell side only.
First target can be 825 in 1 month
In 3 to 5 months, it can be 650 because it has created gap in the pattern so it will fill the gap before next major upmove.
For educational purpose only.