Reasons For Trade- 1.Price has Broken 4 Hour channel
2. Price is Retesting the important resistance of 1075 wich was support earlier
3.Daily Trend is Down
4.Risk Reward 1:2
Sell at 1070-1075 Stoploss 1093
Target 1010
(Intraday- Sell at 1070 Stoploss 1093 Target 1030)
Titan pierces through an important support level, which is what could be a trend defining one. Price range offers support through a Rising Trendline, 100 SMA and price support of 1150. The fall is largely triggered by the news of a slow down acknowledged by the management.
However, the suggestion would not be to short sell right away but to wait for today's...
