TITAN - ascending triangle pattern - long
Titan is forming ascending triangle pattern. Now almost at the lower trendline level.
2 options:
1. If takes support on trendline or around 1440, make an entry for target 1570. SL below 1400 closing. Keep tracking nifty if it doesn't support we might get SL here.
2. best scenario will be above 1600 closing, it'll give a breakout which can take it to at least 100-200 points up. Targets - 1800, 1900, 2000. Use lower trendline or 1540 as SL. Breakout and retesting the 1600 level will be the best scenario for this trade.
2 options:
1. If takes support on trendline or around 1440, make an entry for target 1570. SL below 1400 closing. Keep tracking nifty if it doesn't support we might get SL here.
2. best scenario will be above 1600 closing, it'll give a breakout which can take it to at least 100-200 points up. Targets - 1800, 1900, 2000. Use lower trendline or 1540 as SL. Breakout and retesting the 1600 level will be the best scenario for this trade.
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