TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 10 times.
TITAN: This stock is following the up trend and is on the support. It has a higher probability of going up by taking the support -"if not break the support" and "if breaks then it will move down". Observe the value area in the above Chart carefully.
CMP: 613
TGT 710
SL close below 600 on closing basis.
It is observed that Titan has formed a Flag and pole pattern on daily TF. It has given breakout from the flag pattern. In this case the stock can see an upside equivalent to the height of pole of flag from the point of breakout. SL is the lower trendline of the flag pattern
Disclaimer: I am a novice at...
It is been observed that DHFL and Titan breaking out to the All Time Highs, indicating a strong bullish move ahead.
DHFL
Target -355
SL -345
Titan
Target: 470
SL- 460
It is been observed on the daily chart that the price action forms a bullish Marubozu candlestick pattern with a breakout from a downward trend line indicating buyers dominance over the price action and control over prices. It shall move further up to next resistance levels.
Target 1: 332
Target 2: 340
Stoploss: 312
Titan Co. Ltd. is a holding company, which engages in the design, manufacture, and distribution of watches, jewellery, and eyewear. It operates through the following segments: Watches, Jewellery, Eyewear, and Others. The company was founded on July 26, 1984 and is headquartered in Bangalore, India.
TITAN
