I am bearish on this stock only when it completes the pattern I have mentioned in the chart. I won't encourage new entries now wait and watch. Please like my idea 🥲 one like motivates me to publish more ideas. Happy trading 😊
NSE:TITAN
⚪After the accumulation Phase, Price is in uptrend right now..
wait for the price to come back to the zone to buy...
🎯FUNDAMENTALS :
📌Mkt Cap (Rs. Cr.) - 155,784
📌ROE - 23.51
📌3 years average ROE - 24.05
📌ROCE - 26.07
📌3 years average ROCE - 26.73
📌Debt to equity - 0.35
📌3 years of CAGR profit Growth % - 9.3
📌3 years CAGR Sales growth % -...
Technical Analysis of: NSE:TITAN
The Elliott waves Cycle Oscillator is indicating a detection of corrective (correction / fall) wave. The Elliot wave is showing a CORRECTIVE movement, showing an DOWNTREND . The waves 1, 2, and 3 completed at 1559.9,1462.25,and 1803.95
Seeing a BEARISH trend further ahead, the RECOMMENDATION is to SELL...
It's a nice opportunity to sell.
Reasons to sell-
1. Formation of Head and Shoulder Pattern on 15 Min time frame.
2. Break of a strong ascending trendline on 4 Hr.
3. Break of Channel on 1 day time frame.
As we can see in weekly time frame, it is making perfect deep crab pattern and respecting it.
Now as it has completed pattern at point D, we can consider shorting it :
View1:- we can short now with stop loss of middle red line that is at 1758, with stop loss of 1765
View2:- (safe bet), if candle closes above 1765 then we can safely long till 1803, then from there...
