TITAN trade ideas
TITAN TRADE SETUPTitan can still test 971/982/990
before the start of any corrective move.
One can long it for above targets with stoploss at 960 or wait for breakout on lower side to short on any corrective move.
TACHARTS
Titan Bearish Divergence at ResistanceValid only if it breaches yesterday's low the very next day 28 Nov 2018
TITAN - Buying the dipExpecting double digit positive earnings.
Premise:
1. Wait for the 15/30min beardiv to play out, then buy
2. OTE at 845-849
3. Long term retrace seems unlikely given overall market sentiment
Execution:
1. Undecided, draft only. Waiting for retrace.
Result:
1. Wait for retrace
TITAN - Buy the DipOne month hold.
Entry : 766
Stop : 733
T1,T2 : 860, 960
RR : 2.24, 5.57 respectively
Titan, Head and shoulder pattern formation.Hi Guys,
Titan is making a perfect head and shoulder pattern on the weekly chart which is bearish. It is the perfect time to get short(and get out if you are long). It made a bottom in November 2016 and then it never looked back. It had a good gap up opening in November 2017. Till April'18 it was making higher highs but in Aug'18 it wasn't able to cross previous high which was the sign of weakness. So if you look at the current scenario it has started to make lower lows and lower highs(basically downtrend). It can test neckline(830) again and max it can go to 900 zone(trendline resistance). Then it will start sliding again.
This is just my opinion not a financial advice.
TITAN - DAILY - HEAD & SHOULDERHope we can expect a downside movement upto 680 in the TITAN
Because of HEAD SHOULDER Pattern ....
Hope 680 is the next SUPPORT..
TitanBounced off an imp support.
If the bounce extends buy it for Rs 860, if it falls below then it could even do the gap fill..
