TITAN for LongTITAN COMPANY MADE 2 TIMES SYMMETRIC TRIANGLE AFTER GOOD BREAKOUT.
BEST OPPORTUNITY TO LONG POSITION.
15 MIN TIMEFRAME. THANK U
TITAN trade ideas
Titan Cmp 1495 dated 27.4.2021Titan Cmp 1495 dated 27.4.2021
1. Parallel trendline with higher lows taking
support @ 1450.
2. Rectangular consolidation.
3. RSI taking an uptrend direction.
Buy for a tgt of 1530-1630 SL 1450
For long term tgt is 1900 SL 1375
It is just a view, pls trade at your own risk.
Titan Short Term Analysis for buying levels!Titan had made a Falling wedge in 15m Chart while breaking down below the 1500 levels. today, It has made a Head and shoulder Pattern after going out from (Would not say Break out) Falling Wedge trendlines.
Titan Looks weak below 1450Titan at a critical support..
Breakdown of 1450 will see 1400-1410 levels.
TITAN Double TOPTITAN has formed a double top on weekly chart and closed below 20WMA
it may fall further if it doesn't hold 1400 level on weekly closing basis.
50% Fibonacci retracement placed at 1200 levels.
NEW IMPULSE OR ABC ZIGZAGNEW IMPULSE OR ABC ZIGZAG?????AS OF NOW A DIAGONAL PATTERN
HAS FORMED WHICH IS CURRENTLY BEING RETRACED.WHERE IT WILL END???
PRICE CONFLUENCE COMES @1471.80(61.8% RETRACEMENT OF WAVE 1 OR WAVE A)
-1468(1:1 WAVE AEXTENSION ALONG WITH PARALLEL CHANNEL LINE).THIS DIP SHOULD
BE USED TO ACCUMULATE IF ANY REVERSAL CANDLE APPEARS NEAR PRICE CONFLUENCE
LEVEL @1466-1470 WITH GOOD VOLUMES.
DISCLAIMER:THIS IS JUST MY VIEW.TRADES SHOULD NOT BE TAKEN ONLY ON THE BASIS OF THIS ANALYSIS.
titan on short for intra onlylooks good for short below 1500 as head and shoulder H&S pattern is there
target is 1484
SL should be 1513.45
Titan: H&S Breakdown on Short Term ChartsIf it sustains below 1500...a move towards 1350 cant be ruled out
TITAN SMALL CORRECTION AND THEN RALLY TITAN SMALL CORRECTION AND THEN RALLY WAIT TILL CORRECTION COMPLETION THEN ATTACK FOR 1894
Titan - Bearish Chart FormationOverall chart structure of Titan is bearish but somehow manage their price at higher level.
If we analyse chart structure then we found Double Top formation along with three times
bearish candlestick patterns - like Shooting Star and Evening Star (Twice). Highest high of
evening star acts as a resistance and this high becomes double top.
If we study the price then we found that price has bounce from lower level but without
any chart pattern or candlestick confirmation. If price fall below 1500 also a psychological
round number then we can see further fall in Titan.
Sell Below 1500
Stop Loss 1575
Target 1350
Can be a momentum pick tomorrow if crosses today's highCan be a momentum pick tomorrow if crosses today's high
TITAN COMPANY LTDTITAN COMPANY LTD Technically BULLISH since MAy 19 2020.
Technically view: And it's rejected 3 times to breaks 1588 level on 6th JAN, 10th FEB, 1st Apr 2021. if breaks then 1621 is another RESISTANCE 2 it must be sustained above 1621 level to continue BULLISH trend or else go for SHORT 1621 will become our STOP LOSS.
Fundamentally it's also Expensive stock so not recommended to hold or fresh BUY better EXIT at this level.
TITAN,1HrAs per the Trend and Candlestick pattern analysis market will fall down will try to hit the support level
