TITAGARH - Confirmation of reversal pending
currently trading below 20EMA band and also RSI is in bear zone, also the market condition is not good, hence I would suggest to wait for confirmation of the bull run.
Bull Run Criteria:
1. The stock begins trading above the 20 EMA band (high, close, and low of the 20 EMA).
2. RSI moves above 60, indicating stronger buying momentum.
3. Recovery signs appear in the Midcap and SmallCap Index.
Earning is expected on 29th Oct 2024, which may also affect the stock price.
This analysis is based on personal insights and is for informational purposes only. It should not be considered financial advice. Market conditions can vary, and individual risk tolerance should be considered. Please consult a financial advisor before making any investment decisions.
Bull Run Criteria:
1. The stock begins trading above the 20 EMA band (high, close, and low of the 20 EMA).
2. RSI moves above 60, indicating stronger buying momentum.
3. Recovery signs appear in the Midcap and SmallCap Index.
Earning is expected on 29th Oct 2024, which may also affect the stock price.
This analysis is based on personal insights and is for informational purposes only. It should not be considered financial advice. Market conditions can vary, and individual risk tolerance should be considered. Please consult a financial advisor before making any investment decisions.
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