TITAN trade ideas
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
Titan buy above 1600Titan is trying to break the resistance zone of 1600. It failed to break this resistance at least 4 times this year. If Titan sustains above 1600, there can be a good up move.
TITAN,1HrAs per the candlestick pattern and trend analysis the hanging man is at resistance market will reverse from resistance will try to hit the support
TITAN ready for new highsSWING TRADE:
TITAN
Buy: 1600 after retest;
SL: 1500;
T:1800++1900++2000++
-Mohit Rajani
Titan in momentumTitan in momentum, Daily impulse. CCI 34 Daily and monthly > 100.
Good time to enter.
Consult your financial advisor before investing.
TITAN can give 12% ProfitI will buy TITAN because :
It has been taking support at the trend line .
It has touched the support has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1408
Target : 1580
Stop loss : 1372
TitanDaily Chart Pattern
Breakout Candidate
Positive Volume Buildup
Share up on 20/50/100/200 EMA
Can give good 10% - 20 % gain
PROS
Company has been maintaining a healthy dividend payout of 28.24%
CONS
Stock is trading at 22.21 times its book value
Company might be capitalizing the interest cost
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Titan - Looks Good for Long Titan ::
Sustaining 1620 would take it to a newer territory
Support at 1550
Titan Company Ltd Rounding Bottom Pattern
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My SL is below a strong supporting zone.
Green lines is potential stop loss.
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targets are mentioned on the chart but if this breaks its resistance zone then we have to enter.
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Note: Do your analysis before taking any action and take responsibility for your action.
