Titan Flag and polewait for brakout.this analysis is only educational purpose.this is not any tip or call.Do Action After Your Own Analysis.
TITAN trade ideas
#Titan cash : Looks good above 1505.10#TITAN CASH
23.03.2021
Looks good above 1505.10
stoploss 1490
Tgt 1524/1538
Cmp 1495.35
Titan - Monday TradeStock bounced from TL support in last session. Good to buy above 1470. However If TL is broken then stock would test the support zone for targets of 1422, 1413
WAVE 3 BEGINNINGLOGIC FOR CORRECTION COMPLETION.
LOOKS LIKE TITAN HAS COMPLETED ITS WXY (ZIGZAG CORRECTION) AS PRICE GENERALLY EXTEND'S TILL 100% OF WAVE W IN WAVE Y,IN THIS CASE 100% EXTENSION COMES@1383 AND PRICE MADE LOW OF 1396.
LOGIC FOR NEW IMPULSE.
WE CAN SAY THAT NEW IMPULSIVE MOVE HAS STARTED BECAUSE WAVE 1 HAS FORMED LEADING DIAGONAL PATTERN OF 5 SUB WAVES.IF THIS WAS SUPPOSE TO BE A CONNECTIVE WAVE X FOR TRIPLE CORRECTION THAN IT SHOULD NOT HAVE FORMED 5 SUB WAVE STRUCTURE.
LOGIC FOR LONG.
PRICE HAS RETRACED AFTER FORMING LEADING DIAGONAL TILL .786% OF WAVE 1 AND HAS HAS FORMED BULLISH HAMMER CANDLESTICK PATTERN COUPLED WITH DECENT VOLUMES.RECENT LOWS OF CORRECTION ON THE DOWNSIDE WILL ACT AS SUPPORT AND CAN BE USED AS EXIT WITH WAVE 3 PROJECTED TARGET OF 1647.
Good Support level to buy for Long termI have been keeping an eye on these levels. They seem to be a good support to buy Titan for the long term. Good risk reward.
Bullish Flag Pattern We have to linked the uptrend since November 20 to January 21 to current phase of retracement. One would be able to visualize a "Bullish Flag" pattern. However, fundamental aspects associated with gold price movement, second wave of Covid-19 and its ramifications on demand for gold, effect of covid-19 second wave on the wedding season have large bearing over technical breakout. We prefer to monitor price and volume movement.
BullishWaiting for price to test 1370-1380 to search for entry opportunity. DCB 1260 is the stop loss. If price reverses from 1370 then expectation will be of 1750+ levels.
Disc : it's not an investment advice to buy or sell
short Inverted flag pattern
short below 1463
stop loss 1496
target of 1400
risk management ratio 1:2
Titan might take reverseTitan was holding support earlier at previous low and was looking like double bottom but failed , now a falling wedge at 2 hr timeframe also there. a trendline support below gives opportunity to take risk for great reward. Targets on chart...
2 Hour Chart
TITAN -Intraday setup for 9th marchAs Explained in the chart Titan is trading at its support so go long here at 1450 with a small STOP LOSS of 1445
For a TARGET 1465/1470 *** Risk/Reward-1:3 ***
Buy above green lineWo so do xo so do ek c'est ut Dutch uske dg fixed Chy ki dhani jh ch hash Chy md Zakir code din ush jh
Titan Channel FormationTitan is forming the channel pattern and at its lower bottom if break then may show breakdown to lower levels tg1-->1455-1460 and tg2-->1430 level otherwise if markets are positive may sow positive potential up to tg1-->1480-1490 if sustains then up to tg-->1500-1515
if any mistake pls inform me
Titan - Double Bottom Titan :
Looks Ready for a 'W' Breakout
(Double Bottom- DB)
Long above 1486.5 with a SL 1450
Titan good long candidateTITAN SPOT CMP 1420
BULLISH SHARK PATTERN FORMATION
PRZ 1420-1400
SLZ LEVELS :- 1390
TARGETS 1480-1510-1540-1580
Good long candidate.
Dont just gamble,, keep learning ever day step by step..
TITAN UP MOVE Titan taking support at 1400 lvls.Looking good for up move. 3rd of 5th wave may be seen in upcoming sessions.
#titan struggling to cross 1470Titan is struggling to cross 1470. If sustains below 1450 then 1414/1398/1340 are possible.
Regards
TITANNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
