I hope you can now see how 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 favor.
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...
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 has formed head & shoulder pattern
Currently it's forming right shoulder so looking good to sell around 900 (small bounce back).
All indicators are also at sell side only.
First target can be 825 in 1 month
In 3 to 5 months, it can be 650 because it has created gap in the pattern so it will fill the gap before next major upmove.
For educational purpose only.
