Titan
Titan Long | Consolidation BreakoutAfter a consolidation, the stock has given the breakout from the previous huddles and tested the previous resistance with a successful pullback. Now, on the previous resistance levels, good green candles are been formed, showing the signs of a new uptrend.
Stock has been consistently making higher highs.
An hourly closing above 1860 can be a good opportunity for the swing trade
FY21-22 Swing Trade Idea #80: Long on TITANThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
TITAN INTRADAY IDEA. TF:- 15 MIN. STOCK IS FOLLOWING A VERY GOOD TREND LINE AND CURRENTLY ON TREND LINE SUPPORT, BUT ALSO IT HAVE NOT GIVEN CLOSING BELOW 200EMA ON 15 MIN TF, BOTH SHORT AND LONG TARGETS ARE MENTIONED ON THE GRAPH.
REASONS FOR STOCK SELECTION:-
1. RISING ADX,
2.TREND LINE SUPPORT,
3. EMA SUPPORT,
4. GOOD RRR ON BOTH SIDES.
TITAN: Starting a Bearish trend
Technical Analysis of: NSE:TITAN
The Elliott waves Cycle Oscillator is indicating a detection of corrective (correction / fall) wave. The Elliot wave is showing a CORRECTIVE movement, showing an DOWNTREND . The waves 1, 2, and 3 completed at 1559.9,1462.25,and 1803.95
Seeing a BEARISH trend further ahead, the RECOMMENDATION is to SELL .
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
titan bearish deep crab harmonic viewAs we can see in weekly time frame, it is making perfect deep crab pattern and respecting it.
Now as it has completed pattern at point D, we can consider shorting it :
View1:- we can short now with stop loss of middle red line that is at 1758, with stop loss of 1765
View2:- (safe bet), if candle closes above 1765 then we can safely long till 1803, then from there we can short safely there
good luck
trade and invest at your own risk
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