Titan
Titan... pin bar & double top intradayTitan pin bar and double top intraday given a free fall from 2380 to 2325
During the intraday if one develops the habit of reading candlesticks and patterns
than the dependency on indicator will reduce and more clear picture of movement can be seen
without confusion
loading of many indicators makes difficult to take action..
keep your chart clean and neat... load only needed information which makes you comfertable while trading..
views are just for EDUCATIONAL...
TitanImportant Investment levels and trend line marked.
Fundamentally very good stock. Keep accumulating...
Study based on purely technicals....
For clarity have marked on weekly charts.
Lets Revisit this chart every week...
Will update more info as the movement happens in comment section..
Like... Share... Follow
TITANNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Trend Support - Will it sustain and bounce?I am not sure about taking a long position, given the weak market outlook.
Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal.
Titan is at the minor trendline support and one has to watch out for if it sustains here with EMA 100
Not an Investment Advice. I am just curious to see how it plays out.
Titan forming bullish structureHello guys the last stock adanient nearly hit our intraday targets but we books profit in derivatives instead of cash segment and TCS also made a high of 3705 which is 1.6% above our buying levels in a day and the latest abbotindia is still above our buying price buy not as much profits yet.
The next stock that I am bullish on is Titan and it's forming a bullish flag and pole kind of pattern + a bullish pennant too. We can only buy it when it gives a breakout.
I can also spot a RSI divergence highlighted by a re line on both the chart and RSI indicator.
The runaway gap is also acting as a support and has also been filled so we need not worry about it.
MACD is about to come above the signal line.
RSI is 47 which I consider as bullish.
Buy above - 2360
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Did Titan reach its life time high and ready for profit booking Did Titan reach its life time high and ready for profit booking ???
Reasons/Traits :
• Wedge pattern break out target reached (width of wedge would be the target)
• Inside bar/Bearish Harami candle formation seen today
• Titan is at life time high
• Is in overbought zone with decreasing volume
What can happen next :
Scenario 1 : Uptrend can continue to reach 4.618 levels of ABCD pattern /2080/2100 levels
Scenario 2 : Profit booking to go downside of 0.236/0.5/0.618 and go uptrend
2000-2100 levels are an important zone, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
TITAN CLEAR IDEA TO SHORT AT CURRENT LEVEL 2478 - 2540 SL 2605 Time to selling titan at price zone 2478 - 2540 sl 2605.invalid 2605DCB
1.monthly inside the range
2.daily symmetrical triangle pattern
3.point of control 2540
4.monthly open 2440 previous monthly close 2380 these are important.below this level 2340,2311 levels.
5.supertrend respone 2380
6.50 ma response 2310 levels
7.sustaing below this levels positional selling target 2145 to 2200 levels coming weeks
educational purpose only
Titan - A stock to watchAfter a Breakout with good volumes
Stock is in pullback with negligible volumes
MacD is on the Verge of turnaround
If so happens now we may witness price going up again with heavy volumes & not turning back soon
Entry may happen some around at current area 2470-80, rest only above 2550 only for better Trade Management
View negated below 2440 (CLBS)