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 - 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
Current 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
If sustains the breakout on weekly basis... we may see it marching towards 1650 & above levels
Probably, 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 (Titan Company Ltd) BUY ABOVE 1275
SL is on closing basis i.e. candle closing above SL level, and target is on touching basis.
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TITAN 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 (Titan Company Ltd) SELL BELOW 1148
The 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.
NSE:TITAN Looks nice as Gap Low's may act as resistance
TITAN LONG ENTRY 1097, STOP-LOSS 1081 , TARGET PRICE 1136. NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION .