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
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Titan
Titan in its Breakout move-Quant box Titan is in its breakout zone in my quant box on the daily chart. RSI is filled with more of +ve Beta means if it breaks upward it will be good for the derivative traders but if it gives a breakout downwards then it will take time for the script to reach the given target rather it may go sideways because RSI will take time to gather negative +Beta.
MFI must take upward support of the diagonal trend line in the index chart.
So, One can get into a Derivative(Future +option) trade if it breaks and stands above 1746 on an EOD basis for the target of 1816/ 1885.
And, if it breaks down below 1678.50 once again EOD basis one can get into a short trade in the Derivative(future) for a target of 1610 /1541.
Titan Channel Consolidation (Time for Breakout?)
Notes:
- The Scrip was in a channel consolidation ever since 3rd Dec 2020 (220 point range roughly)
- It has tested the upper bounds of the channel 4 times in total
- Currently, the scrip is consolidating and testing the upper bound of the resistance zone (at around 1615-1620 ). Because of the consolidation, I'm slightly bullish since the last three times it tested resulted in a strong rejection (as shown by the shadow on the candles)
- Also the 21DMA is ready to cross over the 100DMA.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
ACCUMULATION WITH PRICE ACTION AND VOLUME PROFILE,1D,LONG,32% ACCUMULATION REGION:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. Most of the times a breakout/breakdown from the region confirm accumulation or distribution.
In Titan since the rally began, current volume levels are comparable to previous volume levels when previous accumulation had happened. Current region was sideways for a considerable amount of time. So a confirmation was necessary. And it gave a breakout above the resistance line , for confirmation , ATR(14) (Average True Range) was used as a buffer.
So a confirmatory breakout has happened in 1D timeframe
ENTRY :
Entry can be taken at 1H timeframe after the probable retracement or at 10am Current Market Price
Target :
Since the current volume are comparable to the pvs rally it makes sense to assume the expected rally after current accumulation, to be of equivalent magnitude, So Fib Extension of 100% is the min Target Level. Its a provisional target level, since it is at a all-time high.
EXIT
Periodically Trailing of Stop-loss with moving average in 1D tf or when RSI Bearish Divergence is observed in 1D timeframe can be used as exit criterias.
Since the target is above all-time-high, so exiting at the target doesnt make sense. Rather better to hold the position till either the stop-loss is hit or RSI Bearish Divergence is observed.
STOP-LOSS
Stop-loss Can be Placed at the Support of Accumulation Region
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**THANKS** NSE:TITAN
Titan - All time high Breakout - June seriesTitan is testing its All time high for another time at 1610 levels.
If it manages to break the resistance, Execute long after the retracement happen near the Resistance level as mentioned in the chart for a minimum target of 50 points.
If it fails to break and started to fall, execute Short at 1580 levels after the retracement (for confirmation) for a target of 100 points.
As Nifty is also testing its All time Highs on daily basis, we may see a small correction as many stocks are in overbought zone. That may pull Titan also downward. Wait for the breakout on either side and take your trade accordingly.
Please share your valuable thoughts.
Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
#TITAN looks to be a eligible counter for breakout above 1625#TITAN looks to be a eligible counter for breakout above 1625
It has been staying the box for 1400 - 1600 Box since last 5 months and for the last few days it is staying in the top of the range attempting a breakout
The volume support has been increasing in the recent past
The counter has making highers highs for while now and nearing its recent BO point
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions