Jewellery business has a lot of growth potential in India. Since Titan is one among the market leaders and there is a lot of unexplored and untapped opportunity in the unorganised section which is currently under the local players, Titan have a lot to grow as a business, in the future.
So looking forward to buy at the bottom of the channel targeting the highs...
It can be clearly seen from the price structure that the market is not moving up with momentum. There is also the formation of a head and shoulder pattern. The double top levels may act as a resistance and there is a higher probability for the market to reject from those levels and form a reversal and move to the downside.
Airline sector is quite a risky business especially in the current market scenario. The major two players in this sector is Indigo and SpiceJet. Once Covid situations resolve we can expect the share price to rise. Quite a risky bet. So very cautious about adding into the position and will not add until the price crashes to the bottom of the ascending channel which...
Indigo Airlines is a market leader in Airline sector in India. Currently the price is in a channel. Looking forward to buy the stock if it touches the bottom channel line again in the coming days and will be targeting a profit of about 20%. If price crashes, then will be adding on to the position only if it falls to the bottom of the ascending channel.
The price may rise to the double top levels in the shorter time-frame and form a channel formation. But there is a higher probability to make a double touch on the lower trend-line of the channel before moving further up.
Crypto has been in a FOMO rally for the past few weeks. So the current crash may trigger a fear in the crypto market and this may cause a rapid sell off. Will be closely watching the bottom of the ascending channel for a dip buy.
Will be buying the stock if the price touches the ascending channel line support in the coming days. Will be targeting the double top levels for a profit of about 33%. If price further, then will be adding onto the positions only at the levels mentioned in the chart.
Bitcoin has reached the key area as was predicted in NOV 2. Now there is a higher probability for a bullish move. If the level is not held then it may fall to the second level of support and then move back up.
There is a higher probability that the price may test the previous lows in the coming months if no other fundamental catalyst is involved. Then there may be a price surge to about 50 % before making any further corrections.