LONG TITANTitan fallen because nifty slip heavily to red and then seems its consolidating in second half market. So tomorrow expecting titan will show some upward movement.
TITAN trade ideas
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.
Titan - good level to buy Looking for long in this share with 50 point stop loss and 300 points target
TITANBased on triangle pattern breakout seen so some positive movement expected in upcoming days. So expecting for a target of 1018 with a stop loss of 960.
Lets see how market behaving.
A simple "If-Then- Else"Titan looks like it will head down however from what I see, it will likely finish a Flat before it moves down. So, IF titan pulls back up for the C wave AND IF there is a sell setup near the C termination, THEN its a possible Short trade. ELSE, wait for a clearer setup for either Long or Short. Cant get simpler than that.
**This is not a trade advice**
TITAN- No more jewelleriesAfter giving a retracement , the stock is not participating in any up move rally of the index nifty, showing weakness. Sell in the zone of 925-930 keeping a SL of 940 for a target zone of 880/850
Titan - above 1048- zoomConsidering the market condition and Titan trend pattern, can go for long above 1048.
SPOT: TITAN TREND FOR COMING SESSIONS BUY ABOVE 1254SPOT: TITAN TREND FOR COMING SESSIONS
BUY ABOVE 1254 SL 1230, TGT 1285
AS LONG AS TITAN HOLDING 1245-1230, IT'S GOOD FOR UPWARD MOVE
FAILING TO MAINTAIN 1245-1230, SHORTS WILL OPEN WHICH COULD DRAG STOCK TO 1195,1170 LEVELS
SPOT: TITAN CMP 916, SL 898 TGT 936,955,975SPOT: TITAN CMP 916, SL 898 TGT 935, ABOVE 935, 955,975
2-3 SESSIONS
TITAN-- your watch doesnt worki will short it and get rich again!!
i am happy to analyse charts for you free.
