Titan Showing Exhaustion after a Long Bull Trend and its time for Sellers to Get in .
It is Against The Trend Trade So Risk Minimum ....
At the Same Time As it is Against the Trend Risk To Reward Is FAVORABLE
Triple Top + Break of Trend Line
A Good Entry can be Made at Close of Candle Below Trend line....With SL of High
And Target Must be Minimum 1:4 :: Risk :...
TITAN create double bottom pattern at support level of 3519.75.
After breakout of level of 3644.45 price is retracing here.
between 1-3 days if market create any bullish candle in this area we will be long for 3850
Our First Target : 3850-3859.35
Buy Above this range : 3654-3662
Stop loss : 3628
Titan buying the dip structure if it hold 1 HR support and other wise avoid this stock . My analysis different because of I see majar trend in stock and index this stock for only intraday not a positional and swing trade .
After a good rally in Titan , now it has been exhausted . Bear engulfing pattern can be seen in 1D timeframe .
Support has been broken today and closed below the trendline.
Easy 3-4 % profit can be made or maybe 5% if it goes below RS 3549.
SL:-3765.60
TARGET :-3549
Book 60% quantity with trailing SL and go target for 3500 RS.
PS:- If you like my analysis do...
As per the Elliot Wave the Wave 3 seems to have ended at 3800 and overall Titan should go into a correction which will the Wave 4. Wave 3 is 1.618% of Wave 1 so it is following the Elliot rules and the Wave 4 levels are till 3200 which is 38% of Wave 3 . There is a potential of 10-12% downside from this point.
In the world of trading, spotting breakout opportunities and understanding retests can be the golden ticket to success. Today, we're diving into Titan's recent journey, breaking down the technical jargon for our fellow traders.
Key Breakout Details:
Titan broke resistance days ago, hitting an all-time high.
Before the breakout, consolidation set the stage...
Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: TITAN
🔍 Description: Stock is in a rising channel and now one can short it!!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Triangle
📌 Symbol/Asset: TITAN
🔍 Description: Stock has formed Broadening triangle pattern after huge rally.
We might see downside from 3800 levels and one can think of short it.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Titan may give another B.O for swing or intraday
buy above 3720 with an S.L at 3690-3687
for targets of 3740, 3780,3800+ (mostly for swing trades)
OR
one can enter if it again gives an opportunity at 3690
Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern.
Stoploss would be just below the resistance channel.
First target would be at around 3775 levels, although given the volatile nature of the...
On the last session of previous week price breakout a more then one year old resistance and gives a good close above that resistance and it is a highest weekly close ever by this stock so it seems a good opportunity to go long in this stock.
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time...
After a FLAT correction , prices are rising in an impulsive manner. Stock is likely to continue on the upside in the coming days and weeks.
Buy on cmp add on dips and look for the upside target of 3460/3550 in the coming weeks. Maintain SL of 3120.
