Descending Triangle Pattern formation on Titan and it will break on down side. Trade - Short Short below - 505 Target 1 - 491 Target 2 - 478 Stop loss - 515 Note : Please enter the short after price got breakout...
keep tight SL around 509-508 book some profits around 554-555 and then final target around 594 as per flag pole. buy if opens positive around 530.
It is been observed that DHFL and Titan breaking out to the All Time Highs, indicating a strong bullish move ahead. DHFL Target -355 SL -345 Titan Target: 470 SL- 460
Titan price movements looks interesting for going long at this level. It moved vertically got consolidated 9 days and giving breakout today. It seems it got strength for the next up move.
As we see Titan confirmed Double Bottom pattern by closing above 325 level. Also there is positive divergence in RSI & MACD histogram indicators at the two bottom levels namely at 303 & 308 confirming the reversal of downtrend. On balance volume also rising. It achieved target price of 350 levels as per double bottom pattern calculation. Next Target price is 375 ....
It is been observed on the daily chart that the price action forms a bullish Marubozu candlestick pattern with a breakout from a downward trend line indicating buyers dominance over the price action and control over prices. It shall move further up to next resistance levels. Target 1: 332 Target 2: 340 Stoploss: 312
Titan is giving long breakout above 312.30 above this it can go the level 315.50/319.80 if do not break 309.40 on downside.
BUY WITH STOP 351 TARGET 400/420 IN A TEN TO FIFTEEN DAYS
As we can see in the Chart Titan has taken support again at a major trend line support and especially on a day when nifty was down .73% and it has formed a DOJI and its now trading in a very tight channel. I might be wrong but now to go long in Titan with a small stoploss of 380 on a closing basis for a target of 390-395-400 within this series.
The price action broke out from triangle and followed up with big green candlesticks indicated strong buying pressure. At current prices, the price action may move down to 406 levels again as profit booking can be seen and from 406 levels new buying pressure will be asserted in price action to move upto 430 levels or to previous resistance. Target: 432 Stoploss: 390