Support & Resistance
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Titan is a huge Brand, With Lots of outlets. But, Lock down has affected each and every sector.
This is one of the favorite portfolio stock of big bull Rakesh Junjunwala, He holds nearly 10% of the company.(infact he has increased it's holding in last quarter.
Focusing on the analysis, With announcement of opening up price is showing Bullish indication. RSI is getting strong and MACD is also giving a bullish signal. But, at current price zone it seems price is facing some resistance to move up. according to my analysis it should rather consolidate or break the level with ultra high volume.
I have mention the consolidation zone and strong resistance zone, if price gets reversal from consolidation zone than it should take support at Demand zone level.
In a nutshell, there is not much downside but if it breaks the levels than should give multi fold return. Low Risk - High Return.
Thanks.
Titan is a huge Brand, With Lots of outlets. But, Lock down has affected each and every sector.
This is one of the favorite portfolio stock of big bull Rakesh Junjunwala, He holds nearly 10% of the company.(infact he has increased it's holding in last quarter.
Focusing on the analysis, With announcement of opening up price is showing Bullish indication. RSI is getting strong and MACD is also giving a bullish signal. But, at current price zone it seems price is facing some resistance to move up. according to my analysis it should rather consolidate or break the level with ultra high volume.
I have mention the consolidation zone and strong resistance zone, if price gets reversal from consolidation zone than it should take support at Demand zone level.
In a nutshell, there is not much downside but if it breaks the levels than should give multi fold return. Low Risk - High Return.
Thanks.
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