Titan LONGThe Titan stock has been showing a channel move in a down-trend. It is currently poised around it 100 day EMA and close to break out (BO) from channel trend. If the stock gives a BO then 100 day EMA will act as a strong support followed by 1398 level which would be an ideal stop loss as it has been tested multiple times before. A cross-over is seen to be given by Stoch RSI (buy indicator) and is close to macd crossover.
TGT: 1565 SL: 1398
Risk:Reward = 1:2
PS: I am rookie/beginner so please do comment your suggestion and thoughts. It would certainly help in my learning.
Titancompany
TITAN COMPANY LTDTITAN COMPANY LTD Technically BULLISH since MAy 19 2020.
Technically view: And it's rejected 3 times to breaks 1588 level on 6th JAN, 10th FEB, 1st Apr 2021. if breaks then 1621 is another RESISTANCE 2 it must be sustained above 1621 level to continue BULLISH trend or else go for SHORT 1621 will become our STOP LOSS.
Fundamentally it's also Expensive stock so not recommended to hold or fresh BUY better EXIT at this level.
Titan Company Ltd Rounding Bottom Pattern
.
My SL is below a strong supporting zone.
Green lines is potential stop loss.
.
targets are mentioned on the chart but if this breaks its resistance zone then we have to enter.
.
.
Note: Do your analysis before taking any action and take responsibility for your action.
Titan swing longLong titan above 1570 Target 1625-1650-1675 SL 1525. Entry can be taken only after the BO of resistance level. On weekly & daily level stock at the verge of BO . RSI above 60 good sign of bullishness. As the stock is very volatile so keep the trailing SL. This is for your educational purpose only.
Titan || Head and Shoulder : Swing🅾Titan || Head and Shoulder : Swing🅾
If the stock consolidates near 1400 and then crosses down, the head and shoulders pattern will become active.
Ⓢⓟⓔⓒⓘⓐⓛ ⓝⓞⓣⓔ :
There is no setup in the stock market that is 100%, here the idea can be found only by analysis. Here I have tried to present to you what I can see from my point of view only by analysis.
Please don't mind.
Comment: 🅻🅸🅺🅴 & 🅵🅾🅻🅻🅾🆆 & 🅲🅾🅼🅼🅴🅽🆃
TITAN signal for perfect entryThis post is an update to the previous entry setup posted a while back, the price is behaving as expected and is a good time to deploy the other 50% capital to average out the previous position if taken. Else wait for the wedge pattern to break and retest and take full 100% entry with one lot.
-------
Titan fundamentals also look strong as they are opening stores in the US for their watches and jewelry. The target can be achieved in a time of 1-2 months at max with a good 9% profit.
-------
Old chart posted is this one :
TITAN AT CRUCIAL LEVELAs per previous learnings, we can see in the chart that price made fake H&S Pattern and after some consolidation made higher low and now again reached at a crucial level.
So as per basic price action if it breaks the basic level of 1395 with high selling volume then after some retesting it can go down to 1300 followed by 1260.
IF It does not succeed to break the level of 1395 with high selling volume and come back to its previous levels then it can make another higher low and after that, it can give a breakdown to the above levels.
Happy Trading. :-)
Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
TITAN is available at their all time support zone || BUY TIMEPlease see the levels marked in the chart as it is there for a swing trade or long term positional trade. Please take an entry only after the channel pattern is broken + retested on nearest resistance zone.
Thanks, feel free to comment on any doubts if you have.