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13 NOV 2018
LOOKS GOOD ABOVE 905
AND DIPS 901-902 SL 893
Titan Chart shows Bearish Divergence on RSI, Stoch RSI and Momentum too.
A pull Back is possible but overall Stock looks bullish for longer term.
Bearish Divergence + Price approaching Resistance may bring the Price Down.
If setup fails and breaks 910, Wait and buy the retest of 900 areas in next couple of days.
Levels mentioned in the chart!
watch the 910-15 level ... can be shorted from TL
Now Titan Failed to Move up in last 3 week and broke down , this could lead one last push before heading for Major down trend , those who stuck can look to Get out form Position and take a short selling on reversal daily basis
Sell Titan Stoploss 895 Target 745 690 (Positional)
Is this head and shoulders? Yes
Is this a good head and shoulders pattern? No
Here are the reasons why one should avoid going short:
1) Premature neckline breakdown in almost 41+ bars. A breakdown in approx 64 bars (or little more) would have been a good one.
2) Volume increases near the head and shoulder peak and decreases near the neckline in case of good ...
Buy titan abv 820 SL 800 Tgt 840+
Short at PDL break.
Long at PDH break of green candle breaking the resistance level.
Long above 900 with 880 stoploss
BUY ABOVE 902
SL -5-6 POINTS
Can write NOV 920CE - 18 and 940CE - 11.75..
resistance + mild results
can go short tomorrow if it continues the bearish trend.
Titan is ripe for a correction. It made a gap-up and ran up to make a H&S in the top of wave 5.
It can start correcting now, the gaps can act as support levels.
Gartley Pattern at Support Level.. GO long
Head & shoulders with VStop turned +ve.
TITAN IN UPWARD CHANNEL AND DOJI PATTERN IN TOP LINE
SELL BELOW DOJI SL 834
VStop turns green (as on 2:55 pm 29/10), buyable