Titan
#Titan ATH weekly closing, above 2770 kya ye fatega? Titan has given all time high weekly closing supported with good volume activity. Now I want this to cool down a bit and consolidate between 2690-2770 zone before breaking out above 2770. Hope this is not ploy of big operators to trap retailers and we need to keep eye on this counter, earning report is expected on 4th Nov and can be typical "Buy the rumour and sell the news" kind of story. Can Diwali sales help this counter to give good move, we will see
TITANGET READY TO SHORT TITAN 2675-2680 WITH SL ABOVE 2725
TARGET 1 = 2500
TARGET 2 = 2100
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Clear price action pattern in Titan, 8-15% upsideTitan is currently at a resistance which it has faced multiple times previously in the range of 2500-2550. If it manages to break the resistance, further up move can be expected. Targets are mentioned in the chart.
Considering global uncertainties and fall in US markets, the stock might also consolidate between the range 2400-2530. A trade can be taken if it sustains above the major support of 2400.
Please perform your due diligence before taking any trade.
Happy Trading :).
📊 #Titan Swing Trade Opportunity NSE:TITAN
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
TITAN MIGHT FALL HEAVILY HERE IS WHY...Titan might fall heavily in a few days
FUNDAMENTAL REASONS
1. Previously bajaj finance posted really good results but still, it fell 6% in just one day and nowadays we are seeing that stocks after they post their results, are felling down a lot.
2. All the investors in the market are switching from blue-chip stocks to value stocks
3. the global markets are falling heavily and also due to LIC IPO we might see sell-off in the market
4. And the fed might announce an interest hike due to high inflation.
Technical reason
1. the stock is supported by a trendline and it had taken support from it 5-6 times now there is a lot of probability that it might break its trendline.
2. Whenever it breaks the trendline we should go short in the market