Titan
Titan - All Time High BreakoutFundamental :
* New revenue streams from Apparel & Consumer Products are solid.
Technical:
* High Relative Strength Vs Index
* Sector doing great
* All-time high breakout
Bias:
Invested in personal PF, so far 3x in the last 3 years!
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**RETEST** Possible BUY in Titan with Good Risk:RewardAs you Already can see Titan is in UPTREND in Daily Time Frame.
* Price Slowly Approaching the Support Level. If price came to the Support Level and shows the price Rejection there or you can see any Bullish reversal Pattern Like "Bullish Engulfing, Piercing Line" etc with Good Volume. You can go Long.
* Please Keep this in Mind Volume Must be there at the Support Level.
* Risk / Reward is good as well
Disclaimer-: View is just for Educational purpose only.
Consult your financial advisor before taking any financial Decision.
Titan Breaks Resistance, Soaring to New Highs🚧 Introduction 🚧
Titan, a stock that has been supported by a trendline since the COVID-19 period in March 2020, has exhibited a strong upward trend. However, it encountered a formidable resistance zone between October 2021 till May 2023, ranging from 2677 to 2791. This resistance acted as a significant supply zone for nearly 20 months. Finally, on May 29, 2023, the stock broke through this supply zone and is currently trading at an all-time high of 2861.
⚙️ Analysis ⚙️
Titan has found support from a trendline.
Between October 2021 and May 2023, the levels of 2677 to 2791 served as a strong resistance zone.
On May 29, 2023, Titan broke above this resistance and is currently trading at 2861, an all-time high.
🔍 Trading Strategy 🔍
Traders have two options based on their risk appetite:
Aggressive traders can consider buying above the high of the breakout candle.
Safe traders may choose to wait for a retest of the breakout level and then enter a buy position.
⚠️ Disclaimer ⚠️
This analysis is for educational purposes only, and I am not a SEBI registered analyst. Please conduct your own research and consult with a certified financial professional before making any investment decisions.
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📚 Technical Terms Explained 📚
Trendline: A line drawn on a chart to connect multiple price points and identify the direction of a trend.
Resistance: A price level where selling pressure outweighs buying pressure, causing the price to reverse or stall.
Breakout: The point at which the price breaks above a significant resistance level, indicating a potential upward movement.
Titan strong nowChart -> Titan Daily
Titan all-time high breakout today!
CMP: 2812
Good Range: 2750 to 2815
Targets: 3060, 3200, 3400
SL: 2675 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
#TITAN Weekly double bottomTitan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active.
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
Titan chart studyTitan spot cmp 2665
Daily time frame
Harmonic + price action study
counter is heading towards supply zone as per previous swing high levels.
Counter have bearish butterfly pattern maturing in supply zone
Counter might face some selling pressure around this supply zone.
RSI have bearish divergence with respect to price.
Reversal in trend can be seen, bearish reversal confirmation is pending.
Time for bulls to be cautious till supply zone is not cleared on closing basis.
TITAN- Relative Strength says SELL!Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023
The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start
This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index
Today Titan is also One of the Top Losers from the Nifty 50 Index Top 20 Heavyweights
So as they Sell Weakness and Buy Strength
Hence, Look for Short Opportunities in Titan






















