Breakout Ready Either sideThough upside seems better, still downside can't be turned down.
All is based on daily time frame
and the pattern it forms near resitance level
TITAN trade ideas
TITAN looking to touch new heightsTitan is making an inverted head and shoulder pattern at 15 min timeframe which is at 1 hour support level, it is looking good for a very short term trade
TITAN - Bull Flagging on DailyTITAN looks to be Bull Flagging on the Daily time frame.
Possible we see targets
T1 - 3300
T2 - 3350
T3 - 3400
ER Today so if playing options, be cautious.
TITAN Looks WeakOn a daily time frame of titan we can see it is taking support from one trendline but not giving upside move and looking at the market condition it may break this support trendline and give good downside move in upcoming few days
Negative Divergence Spotted.Negative Divergence spotted on Weekly Chart in last week.
Watch out for Short term Reversal from this point.
Levels to Watch for
Level 1 - 3130
Level 2 - 2900
Level 3 - 2790
Titan Company LtdTitan Company Ltd is among India’s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO)
Jewellery Division (89% of revenues)
Watches & Wearables Division (8% of revenues)
Good for longterm - Gold price rise may reduce sales / Revenue in upcoming quarter.
Target provided in chart - SL as per your risk appetite.
Market Cap
₹ 2,54,053 Cr.
Current Price
₹ 2,862
High / Low
₹ 2,872 / 1,825
Stock P/E
78.2
Book Value
₹ 133
Dividend Yield
0.35 %
ROCE
25.1 %
ROE
30.7 %
Face Value
₹ 1.00
Promoter holding
52.9 %
EPS last year
₹ 36.6
EPS latest quarter
₹ 8.22
Debt
₹ 9,367 Cr.
Pledged percentage
0.00 %
Net CF
₹ 16.0 Cr.
Price to Cash Flow
185
Free Cash Flow
₹ 950 Cr.
Debt to equity
0.79
OPM last year
12.0 %
OPM 5Year
10.9 %
Reserves
₹ 11,762 Cr.
Price to book value
21.4
Int Coverage
15.8
PEG Ratio
3.28
A Small swing - Titan Long Titan made a falling wedge breakout with good volume and technical indicators shows a long. Also, it may go above our target. But this is our first target and It is a small trade with minimum risk and time.
Entry : 3070
Target - 3191
Stoploss - 2948
Titan can break new high . Exciting Investment Opportunity: Titan Share 📈
Hello fellow investors and traders,
I hope this message finds you well in your pursuit of financial success. Today, I'd like to share an intriguing investment idea that has caught the attention of many due to its promising potential – Titan Share.
Technical Analysis Overview:
Based on thorough technical analysis, Titan Share seems to be in a prime position for a significant upward move. The stock's current price of 3058 presents an exciting entry point, especially when considering the potential for it to break its all-time high of 3210. This suggests a strong bullish sentiment and could mark the beginning of an impressive upward trend.
Why Consider Titan Share?
Historical Performance: Titan Share has demonstrated the ability to achieve and surpass previous record highs. This indicates a history of resilience and the potential for a sustained upward trajectory.
Market Sentiment: Positive market sentiment is a crucial driving force for stock price movement. Titan Share's recent performance and current technical indicators suggest a growing interest among investors, potentially leading to a substantial price increase.
Strategic Stop Loss: Protecting your investments is paramount. With a strategic stop loss set at 2882, you're ensuring a safety net in case the market takes an unexpected turn. This allows you to confidently ride the bullish wave while managing risk effectively.
TITANPrice bounce back to support
Price looking good for long
Price break previous day high
If you buy then today day low S.L
Disclaimer this is my personal view for education purpose only.
Titan Simple Analysis BullishNSE:TITAN is in an Up-Trend making continuous Higher Highs and Higher Lows in the chart.
Recently price has retraced back to a Trendline in a Corrective move, this should ideally take the price up from the Trap Zone and make another Higher High.
Expecting a 5:1 Reward to Risk Long trade with a Return on Investment of approx. 9.58%
TITAN Daily Chart Titan daily chart was in a trend line, now it has given breakdown and retest. Note: This is all just practice analysis, not real.
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 couldnt push higher as guessed. Expecting a pull back nowSince the titan couldnt go pass resistance this is my game plan. Pull back to 2500 ish and then long till 3100 ish. Come on bears short this to 2500. This is cancelled if there is a weekly close above the resistance as shown in the plan.
tital price is likely to stest support level again. Technical Analysis:
The price of Titan (TITAN) is currently showing signs of weakness, suggesting a potential test of the support level in the near future. Traders should closely monitor the price action as it approaches this crucial level
if titan will test the support level again, then we will have oppourtinioty to go long again.
TITAN COMPANUYAscending triangle pattern is seen in Titan company and this chart pattern has given breakout above. Titan is currently running at 52 week high.
TitanTitan Chart Analysis........16/06/23
Titan XABCD harmonic Target hit.....
Titan trade in Harmonic PRZ Area
Titan Short (Option Seller - 2950ce)
Sl - 2950 Closing basis,
Target - 2860 / 2835 / 2800
Enjoy !
Titan ViewsAs disclosed, in the chart drawing, this script has approximately approached the retest support zone. So, reaction from this area will be interesting to observe.
Should book profit in Titan
It seems current swing high has been touched and profit booking may start in Titan anytime now.
Techno-Funda pick of the week!Titan has again given a all time high breakout. Chart is looking extremely positive and strong. This company is fundamentally very strong and technically chart is suggesting a very good upside.
CMP - 2861 (2/6/23)
T - 3200, 4100 W
Sl - 2650 W
