NSE:TITAN Buy Above 1460 on Hourly closing Basis Target on the upper band of parallel channel i.e. around 1580 Stop loss at just below Support zone i.e. 1395 on Daily Closing Basis Titan has taken perfect support from its multiple time tested support zone of 1405-1420 Given outside closing of short-term downwards trendline Good risk-reward trade...
A price chart depicting a sharp current trend (the flag) followed by a short-lived trend or consolidation (the flag pole). Fueling up for breakout. Let's see how it unwinds, Keep a watch for targets beyond 1610.
After a brief trending period, Titan is in Accumulation Zone which once broke it will reach its All-Time High. One can initiate the trade with Trailing Stop loss.
Titan forming inverse Head and shoulder
Very strong support, tested 4 times. Very good reversal can go all time high because its consolidating since long time in a range.
TITAN MUST BREAK THE RANGE. GOLD PRICE GOING UPWARDS. RS INDICATOR NOW ABOVE 0 WEEKLY RSI ABOVE 60. SO IT MUST GO UPWARD. SWING TRADE WITH 2 HOUR SUPER-TREND INDICATOR.
TITAN FOR INTRADAY TRADING ON 24TH MAY 2021
Unless it's gap up or gaps down, Titan would be a perfect share to long on an intraday basis if it breaks the trendline with decent volume. The Risk-Reward ratio is also perfect 1:2 where 10 points will be SL and Target will be 20 points.
Execute Long only if the RSI breaks the trend line in upside with day candle close for a target of 1526. Execute short if the price breaks the neckline ( Strong support zone ) and manages to stay below it for a target of 1300 & 1200. Right now the stock is in indecisive mode. Don't take any heavy positions for now. Execute only if the above conditions met for...
++Lower High's and Low Formation++ Sell immediately with small stop loss for Target 1400 and 1365 alternatively buy breakout of this channel above 1475-80 for short term Target 1500/1520/1550 ((Remember 1400 is an important support and a decision point for the stock on daily and weekly time frame)) ~This analysis is only for Educational purpose~ Pls do comment if...
Trend line breakout retested and produced Hammer candle