TITAN trade ideas
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..
TITAN will fall big as H&S pattern now in final formationTITAN will fall big as H&S pattern now in final formation
May short opportunity can get in this scriptThis script making a channel and currently at resistant point. Most probability to go down.
TitanTrade entry triggered. Maintain SL. If market corrects some more, it may take time to achieve target price. 200 DMA is to play significant role.
TitanRepeating the trade. Buy at 830-834. Target 860+. Sl 818. Logic: 200 DMA may tell us that correction is through, Positive Divergence, 800 Put is the highest OI so this is a firm support.
Titan, 200 DMAGo long at 832, SL at 820 on closing basis. Target 960 and above. Logic: 200 DMA may tell us that correction is through, Positive Divergence, 800 Put is the highest OI so this is a firm support.
Titan, 200 DMAPrice again at support of 200 DMA. Holding this MA should go up. Or else down slide. So trading can be initiated with a small SL.
Titan, 200 DMAI have been covering Titan regularly. In the last post I said that price may take support at 200 DMA and correction may end here.
Titan, 200 DMAOn 2.2.17 price moved above 200 DMA and made steady rise. Today price has come down to 200 DMA. This is decisive level. It will decide the long term trend of the stock.
Titan, 100 DMAPrice corrected till 100 DMA 4 times earlier. Now once more price is at 100 DMA. SL is made small.
Titan, 100 DMAThe stock is in a strong bullish trend. Price took support several times at 100 DMA and moved up. Price is once more close to 100 DMA. 897 is crucial support holding of which medium term target may be 1000+ in medium term. It can be a nice investment bet.
TITAN Positional View - Short Trade FNOPurely SD based setup. FOR EDUCATIONAL PURPOSES ONLY.
Looking for a retracement above to short.
