Titan
Titan range beakout after 5 months consolidationTitan consolidated between 2205 to 2685 range for more than 5 months..
On 17th mar given volume breakout from the range...
sustaining above 2685 the momentum will continue and in short term it may target 3000++
stock " buy on dip" mode
views are educational
Titan moving towards new highs.Titan has closed above the resistance level and formed a new ATH.
The stock has broken the resistance level with volume confirmation and on fib levels can travel up to 2835.
On an hourly time frame the stock has formed a flag and pole formation.
Wait for the levels to be respected or broken and watch for the chart pattern to form near the predefined levels.
Support:- 2670, 2600
Resistance :- 2715.
The stock can give a nice move on the long side if closes above the immediate resistance level.
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..
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TITANNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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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
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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!






















