TITAN trade ideas
Titan for 15.06.2021trades according to support and resistance.
trade will remain void if opens big gap up or gap down.
TITANIt has given breakout on weekly chart. Buy above 1745 tgt 8 to 10% SL 1660. For educational purpose only. Kindly contact your financial advisor before entering any trade.
TITANTitan Company Ltd. multiple breakout awaited
details are already given in chart, for more details about Entry/Target1-2-3 and SL, follow my page and inbox me with your query..
Disclaimer:: I may or may not trade this setup, kindly do your own analysis before initiating any trade.
Titan, channel breackout and patience.you can learn from others' experiences is the key in the stock market.
TITAN BULLISH RECTANGLE PATTERNTitan forms a bullish rectangle pattern with strong breakout. The target has been given based on the size of the rectangle formed. Target expectation is around 1786
market in a rangeany side of breakout can give good move once our view is clear. for this type of market condition we can do mean reverting strategy with small risk and good reward
Titan Channel Consolidation (Time for Breakout?)
Notes:
- The Scrip was in a channel consolidation ever since 3rd Dec 2020 (220 point range roughly)
- It has tested the upper bounds of the channel 4 times in total
- Currently, the scrip is consolidating and testing the upper bound of the resistance zone (at around 1615-1620 ). Because of the consolidation, I'm slightly bullish since the last three times it tested resulted in a strong rejection (as shown by the shadow on the candles)
- Also the 21DMA is ready to cross over the 100DMA.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Titan breakout with good volume After a long consolidation titan broke the resistance
Wait for it to retest near 1620 to 1630 for the entry
Target: 1780/1800/1820 (consolidation depth is 170 to 180 points) => 1630 + 170 = 1800
Stop loss: 1550 (below the pullback from the resistance)
Uptrend - Sideways - Downtrend ?After a very sharp uptrend movement, stock is consolidating sideways for a long time and now rejected candle at major resistance.
Traditionally, all the indicators are indicating that after a uptrend followed by sideways trend there is a downtrend with lower highs.
If the major resistance is break with high volumes we can see further upside movement.
If the major support is break with high volumes we can see further downside movement.
