EXPLANATION : This is a 45 min time frame chart of TITAN . It has formed Symmetrical Triangle Pattern , both side levels marked in chart .
If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
Titan seems good triangle pattern break out
Camarila R3 break out already happened
Waiting for R4 breakout
If R4 breakout happens good move will happens
Moving average and day volumes adds good confidence level
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.
⚪After the accumulation Phase, Price is in uptrend right now..
wait for the price to come back to the zone to buy...
📌Mkt Cap (Rs. Cr.) - 155,784
📌ROE - 23.51
📌3 years average ROE - 24.05
📌ROCE - 26.07
📌3 years average ROCE - 26.73
📌Debt to equity - 0.35
📌3 years of CAGR profit Growth % - 9.3
📌3 years CAGR Sales growth % -...