TITAN | SWING TRADE | 31/3/2021There is a clear breakout of the triangle pattern. Also, the volume at the breakout level was high so, one can take a long position at the current levels.
TITAN trade ideas
TITAN Intraday: Abv 1587, Targets: 1621,1637, 1664 and so on🚩Clear Flag pattern BO today. Now waiting to clear the recent swing high resistance.
Study 4: Open Wedge - TITANThis is Just for study purpose. TITAN seems to be a OPEN WEDGE breakout (Pattern - strong, Confident - average). It could possible turn into a descending triangle.
Buy at 1520. Target level 1- 1530. Target level 2 - 1560.
Buy at 1460 after it retest at 1450. Target 1490 - 1500.
Titan flag formationtitan flag formation on weekly chart keep it on radar strong breakout candidates in next 3 months
TITAN D chart Titan strong closing on D chart. Would breakout the TL if crosses previous day high. Looks good for a 5% gain and 1:1 trade or intraday traders for 30th March.
TITAN: Bullish Sequence investment pickThe sideways price action suggest that the stock prices are into a correction & once the corrective price movement completes the rally should resume to the upside again.
One should invest in the stock following buy on dips strategy till 1350 levels maintaining a sl of 1200 for targets of 1800 /2000 into coming months.
Triangle pattern in TitanAs per triangle pattern goin on in Titan, we should wait and watch for breakout and then create fresh long or short position depending on which side it gives breakout. I am personally looking for upside breakout
a good company giving good returnstitan
the luxury brand of developing india
as india will grow
demand for luxury goods will grow
so titan will eventually grow
titan given more than 50% returns in a year
so buy at support
sell at resistance
dynamic support 50ema
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 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
