Titan Small Trade- titan Small Swing trade idea Nifty 50 Stocks swing BTST IDEA FOLLOW FOR MORE EDUCATIONAL
Both Side can go.
For Buy Only above 2634
with SL 2564
Tgt will 2763-78
Note Educational Only
For Sell side if Breakdown
Sell below 2563
with Sl of 2608
Tgt will be 2470
CONFIRMATION : FOR UPSIDE FIB RETRACEMENT, RSI & SLIGHTLY BELOW FROM MAJOR SUPPORT...
Titan looks weak below 2640 for the marked levels on the chart until 2730 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Titan has closed above the resistance level and formed a new ATH.
The stock has broken the resistance level with volume confirmation and on fib levels can travel up to 2835.
On an hourly time frame the stock has formed a flag and pole formation.
Wait for the levels to be respected or broken and watch for the chart pattern to form near the predefined...
the current price structure suggests that stock is going into a correction as a ZIGZAG pattern. One should sell on cmp or any rise , keeping a SL of 2490 look for the target of 2340/2280/2240
Stock has given an impulsive fall ,which suggests that there is a strong possibility of a zigzag correction. One should sell on rise near the level of 2550 keeping SL of 2610 & look for the target zone of 2250-2150 to fill the gap.
EXPLANATION : This is a 45 min time frame chart of TITAN . The stock has been in a uptrend for days , I am seeing a very good selling opportunity in TITAN because of many reasons . It has formed head and shoulder pattern , gap pending in market It goes to correction . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am...
STOCK IS FOLLOWING A VERY GOOD TREND LINE AND CURRENTLY ON TREND LINE SUPPORT, BUT ALSO IT HAVE NOT GIVEN CLOSING BELOW 200EMA ON 15 MIN TF, BOTH SHORT AND LONG TARGETS ARE MENTIONED ON THE GRAPH.
REASONS FOR STOCK SELECTION:-
1. RISING ADX,
2.TREND LINE SUPPORT,
3. EMA SUPPORT,
4. GOOD RRR ON BOTH SIDES.
