TITAGARH-3-ACCUMULATE
Updated
TITAGARH : CMP - 957.75, Accumulate for a 2 months time frame for a target of 1118 & 1180,. Script is taking support ( @ 910)and bounced back from it. will resume a small stint of upward journey once crosses 973. this time the upwards journey will be slow and time taking (45 to 60 days). Keep a strict stop loss of 897 on closing basis.
Trade active
Titagarh: Consolidation Phase;Titagarh is in an consolidation phase, will keep on testing upper resistance band of 1027 -1038; It will not start its northwards journey (upside) untill it cross the said band on closing basis. Small profits with upswing and accumulation at the bottom below 973.3 should be the strategy going forward, till breakout above the band.
Note
Titagarh if breaks below 897 on closing basis, than further downside is expected & will take it to 820, if that supports also breaks than further it will opeandownside to 770-720 levels before final reversal.Trade active
Titagarh has taken support from 820 odd levels, during intraday trading gone as low as 783, Accumulate as per the capacity. down side is capped to 770-720 levels while upside tagets range from 1118-1180.Trade active
Titgarh is nearing is near to complition of time correction zone as well as consolidation phase, soon breakout above 973 level are expected.Revise the stop loss to 905.
Trade active
Titagarh is at Breakout after cosnsolidation for 2 months, its at its breakout band of 973.5, should rally northwardsand test ist resstance band of 1027 to 1038.Trade active
Titagarh has comfortably sustain above the 973.5 and closed above its near term resistance. As per the charts titagarh is in Flat (3-3-5) corrective pattern, and corrective wave-b is in formtion, which should take the script to 1118 to 1180 in coming fortnight. Stay invested, dont rush to book profits.Note
Target 1 Rs: 1118 Met,@ 9.50, 07/05/24 in intraday.ride the momentum and wait for another 15 days to get second target of 1180. Revise stop loss to 1098
Trade active
Beacuse of the Current Market Volatality Revise the Stop loss to downwards at 995, and accumulate more if opportunity stikes in intraday trdae between 1025-1075, for a swingtrade of 1245. Squreoff your 75% postion at 1245 level, sincce as per chart analysis, script may further enter into wave-c of correction whihc will take it to 775 levels.Trade closed: target reached
All the outlined targets are met. book profit and accumulate at lower leverl.Trade closed: target reached
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