Technical Analysis (TITAN - Daily Chart):📊 Trend and Candle Pattern:
• The stock showed strong recovery between March and April.
• There was a bullish rally from April to May, reaching highs above 3600.
• After hitting resistance, it has seen a minor correction and is now trading around 3436.40.
🔴 Moving Average (Likely 200-DMA):
• The red line on the chart appears to be the 200-day moving average (DMA), which is currently at 3385.91.
• The current price is above the 200-DMA, indicating that the stock remains in a bullish zone.
• If the price falls below 3385, it may signal weakness or a trend reversal.
🧱 Support and Resistance:
• Immediate Support: 3385 (200 DMA)
• Major Support: Around 3300
• Resistance Zone: 3600–3650 (recent highs)
📈 Performance:
• The stock has shown a 5.80% gain, indicating positive momentum over the recent period.
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📌 Conclusion:
• As long as the price remains above the 200-DMA (3385), the trend is bullish, and traders can consider a “buy on dips” strategy.
• A close below 3385 could trigger further downside.
• The current trend appears to be sideways to mildly bullish.
Note : not a buying or selling recommendation only for education purposes
