anifunny

anifunny

When most of the IT stocks are going from strength to strength, TECHM continues to show weakness. The above graph is ratio of TECHM vs NIFTY which is nothing but relative strength of TECHM w.r.t. NIFTY 50 index. As can be seen ratio has broken below its support level and continues to stay below it. So view for TECHM continues to be bearish. Trade ideas: Can...

anifunny

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...