Titancompany
TITAN--Trendline Support??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Time to be cautious on Titan (neutral)We are close to all time high for titan share and a big resistance is out there. I would book profit here and wait for the trend confirmation.
Two big probabilities:
1. Open and close above resistance means long.
2. Open and close below resistance is good chance to short.
TITAN--Demand @2670 ??the stock is trending upwards.
the price is broken the previous resistance but not able to sustain above resistance, witness a strong fall observed.
we have a demand zone @2670 range, may price again move upwards from here.
one interesting fact is price after consolidation and moved strongly to above levels,
consolidation is observed at 2560 levels,which is a base.stronger than demand zone.
demand zone will take you to the resistance level only,but this will take above resistance.
Look at Consolidation + strong move.
keep track this instrument.
Use alerts @ every place, we cannot track each and every stock daily,
if you use alert system provided by trading view, which will alert you when the stock is near its demand or supply zone.
Use alert few points above demand or supply, you will aware when its coming towards your levels.
Titan Company LTD NSE:TITAN
Even though TITAN is hyped on daily timeframe, since it has declared rise in it's consolidated profits by 49% over the previous year, a rally can be expected. But to be on safe side, 3% with 20-25 days isn't bad. If it breaks out the previous top, hold for 10% gains minimum. But not without the support retest i.e. the previous top.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Titan in Support RangeWe are seeing quite a fall in the prices of Titan Company Ltd since the first week of November 2022.
Currently, prices have entered the zone from where they bounced previously in late September 2022 and there is a probability we might see a similar price behavior.
With a small risk, it can be a rewarding swing trade.
Titan Long Term Stock setup - Festival season stockStock for festival season.
Since the time Tanishq is contributing to the major profit of Titan, the profits have started to increase drastically in between August - December.
I would buy the stock in pullbacks.
P.S. I would load up on Titan stock around 2450 levels.