(Daily - 11/29)
A) Bearish H&S pattern formation uncovering
B) Head and left shoulder has bearish divergence on Stochastic
C) MACD indicator already bearish
D) Volume decreasing from peak to peak
E) Failed testing of previous High H1 in Sep
F) possible short below 555 with the breaking of Monthly Pivot R1
1. Stock seems to be in uptrend as pointed by 50/100 EMA pair in 1h timeframe.
2. Support and resistance zones identified in the chart.
3. A trendline has been drawn which is anticipated to be broken if the stock jumps from the 50 EMA and support zone confluence area.
4. MACD shows a weakening downside momentum signalling the stock is ready to move towards...
NSE:TITAN
Titan share had been trading in a tight range since one week. The prior trend was confirmed bullish based on the higher high/lower lows and the upsloping moving averages.
The share has given a suspect breakout of the trading range in 3H time . Since the breakout is not confirmed by expanding volume, please exercise caution. Wait for a retrace and...
