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Titantrend

Titan Investment/Trading strategy for the week starting 11/11/24Titan appears to have found a support level and may have bottomed out, presenting a favorable buying opportunity. Here are the suggested entry and target levels: Buy Setup Buy Above: 3,200 Targets: 3,270, 3,350, 3,410 Rationale: If Titan surpasses the 3,200 mark, it could signal a recovery and upward momentum. Achieving the first target at 3,270 may lead to further gains, reaching subsequent targets as market sentiment turns positive. No sell call has been provided, as Titan appears to be at a strong support level, indicating limited downside potential. Disclaimer I am not SEBI Registered. This analysis is intended solely for informational purposes and should not be considered as financial advice. Please conduct your own research or consult a professional before executing any trades. Trading in financial markets carries significant risk, and past performance does not guarantee future results.
NSE:TITAN1!
by ramkkyy
Titan Breaks Resistance, Soaring to New Highs🚧 Introduction 🚧 Titan, a stock that has been supported by a trendline since the COVID-19 period in March 2020, has exhibited a strong upward trend. However, it encountered a formidable resistance zone between October 2021 till May 2023, ranging from 2677 to 2791. This resistance acted as a significant supply zone for nearly 20 months. Finally, on May 29, 2023, the stock broke through this supply zone and is currently trading at an all-time high of 2861. ⚙️ Analysis ⚙️ Titan has found support from a trendline. Between October 2021 and May 2023, the levels of 2677 to 2791 served as a strong resistance zone. On May 29, 2023, Titan broke above this resistance and is currently trading at 2861, an all-time high. 🔍 Trading Strategy 🔍 Traders have two options based on their risk appetite: Aggressive traders can consider buying above the high of the breakout candle. Safe traders may choose to wait for a retest of the breakout level and then enter a buy position. ⚠️ Disclaimer ⚠️ This analysis is for educational purposes only, and I am not a SEBI registered analyst. Please conduct your own research and consult with a certified financial professional before making any investment decisions. 👍🏼 Support Appreciated 👍🏼 If you found this analysis helpful, kindly like and share your thoughts in the comments. Your feedback and observations are invaluable to me. Thank you for your continuous support, likes, follows, and comments. Your encouragement keeps me motivated to consistently provide valuable insights. 📣 Follow for More 📣 For more articles and trade setups, follow me on TradingView: in.tradingview.com "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." 📚 Technical Terms Explained 📚 Trendline: A line drawn on a chart to connect multiple price points and identify the direction of a trend. Resistance: A price level where selling pressure outweighs buying pressure, causing the price to reverse or stall. Breakout: The point at which the price breaks above a significant resistance level, indicating a potential upward movement.
NSE:TITANLong
by AfnanTAjuddin
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