Titan 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......
Important 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
Note:
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...
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...
We can see DESCENDING TRIANGLE formation in descending triangle. Short entry should be made below the 200ema.Targets are mentioned in the chart itself.
Titan has given the breakout from falling Yellow Trendline and may test upper marked targets.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Hello 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...
TITAN important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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...
Long on Titan:
Trade reasons:
1. Stock in an uptrend
2. LL LH violated
3. Trendline break which implies de-acceleration.
Note: This is just my view. don't take trade according to my view. Always ask your financial advisor for it.
