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TITAN COMPANY LTD

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TITAN trade ideas

Support & ResistanceHey Guys, Please Support - Hit Like. 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.
NSE:TITANLong
by Aarhus
Trade TITAN on the short side In weekly and monthly chart it looks like Titan is in the region of Right Shoulder of Head&Shoulder pattern. The completion of the Head in March 2020 saw prices falling to the neckline at 725, which also coincides with the exit of one of Titan’s prominent investor who offloaded his stake in the same month. Normally Right Shoulders are completed quicker than Left so I expect the pattern to complete in 2020 itself. On completion of Right Shoulder can expect price to pierce through 725, 668 and 600. Support can evolve near 500(round number) and 450(2015-2016 high which was scaled in 2017) region. This is too far in future that I am trying to predict but to keep the conclusion simple let’s say that one should trade Titan on the short side with overhead resistance near 1000-1050 region. PS : Why 725 level is important is because it was the low created after gap-up opening from 668 following quarterly earning declared in Nov’ 2017. This gap is yet to be filled though it was approached many times.
NSE:TITANShort
by anifunny