Swing SetupEXPLANATION : This is a 45 min time frame chart of TITAN . The stock has been in a uptrend for days , I am seeing a very good selling opportunity in TITAN because of many reasons . It has formed head and shoulder pattern , gap pending in market It goes to correction . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days . If taken support from demand zone we buy at the bottom and sell at the top , I am bullish on this stock for the coming days . Enter as per your setup .
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Titancompany
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 | LONG TERM PICK NSE:TITAN
⚪After the accumulation Phase, Price is in uptrend right now..
wait for the price to come back to the zone to buy...
🎯FUNDAMENTALS :
📌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 % - 10.65
📌Promoter's holding - 52.9 %
📌Public holdings - 47.1
📌Promoter's pledge - NIL
📌Last 6 month stock return - 12%
📌Last 1 year stock return - 77%
🔴DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴