TITAN COMPANY
Stock was consolidating in Ascending Triangle Pattern .
Recently It gave breakout from Neckline of Ascending Triangle Pattern .
It also gave breakout from Volume Profile indicating good volumes by buyers and buying volumes more .
It also gave breakout from 50EMA .
Buying Range 2550-2520
Target 2620-2680-2800.
#TITAN COMPANY today trading our retracement level 2515-2530
we can go SELL BELOW 2515 tgt for intra 2475 and posistional tgt 2447-2400
once break our resistense level, it will move higher level
comming trading session.
Titan is in its breakout zone in my quant box on the daily chart. RSI is filled with more of +ve Beta means if it breaks upward it will be good for the derivative traders but if it gives a breakout downwards then it will take time for the script to reach the given target rather it may go sideways because RSI will take time to gather negative +Beta.
MFI must take...
Titan posts a 3-day successive bounce back on back of high momentum. Of course this is the counter-move to the recent sell-off which turned the short-term trend down. Short term momentum indicators have gone overbought as the stock faces serious resistances within (1170-1200). I sense there is a short term shorting opportunity once the stock slips below the lows...
