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.
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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.
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Old chart posted is this one :
Titanlong
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.
TITAN h&s patternHEAD AND SHOULDER PATTERN MADE BUT BREAKDOWN NOT DONE SO THERE IS TWO VIEW.
Bullish view - titan can long above 1520 with the sl of 1500 for the target of 1560-1580
Bearish view = Titan can short around the level of 1490 with the sl of 1512 for the tgt of 1460-1420.
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titan long as we can the channel pattern in the time frame of 1hr and after that the trendline breakout in the time frame of 15min. for the bullish mode.
Bullish view we can long titan above 1521 for the target of 1570 if sucesfully break the immediate resistance of the 1528-1530. it will boom above immediate resistance with the sl of 1515
STAY LONG ON TITAN ⌚BASED ON PULLBACK THEORY
STAY LONG WITH STOP 1380 ON CLOSING BASIS
WHAT IS PULLBACK ???
A pullback is a temporary reversal of the current trend, either up or down. The price action in the market moves like a wave:
- in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop. Then price rises up again going past its previous higher high (example form the chart above).
- in a downtrend market, the same but opposite happens. Price will continue to fall but there will be times when it will rise only to drop back and go down past its prior lower low
disclaimer - join your study to enter trade.
Titan at channel resistance - Important levels !Price after breaking the symmetric triangle pattern formed channel pattern and reached the important levels. Previous history of the stocks analysis clearly shows that price is either taking support or resistance in this levels for more number of times as shown by arrow marks.
If price rejects the channel top and reached the channel bottom it would be a best entry, but as if now we cannot expect that. So go with less number of stocks now and if breaks 1230 levels strong then add your position.
Long TitanI hope you can now see how the Titan represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SWING TRADE #6 #TITAN COMPANY LTD #NIFTYStock ( NSE:TITAN ) is making higher lows as shown in chart and, it broke a 1000 rs resistance level and took support and goes as per setup giving bullish signals, one may take trade based on his/her risk appetite for swing opportunity.
important levels are
entry range : 1050-1090
stop loss : 1010-1020
target : 1300