Multi timeframe analysis - TITAN

Let's understand multi timeframe analysis for NSE:TITAN .

Weekly TF -

NSE:TITAN has been trading in a falling wedge pattern (LH-LL) and has recently re-tested a major demand zone . A bullish engulfing candlestick has been formed. There's an additional confluence of Harmonic Cypher PRZ around 1880.

Daily TF -

Bullish RSI divergence has been seen on daily TF. Price gaped up and did a breakout from a falling wedge structure. Short term bullish entry can be taken if price retraces back to 2080 level which was acting as a resistance earlier.

Comment: Price reversed as per the analysis and moved higher.


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