PriceActionTrader1

Multi timeframe analysis - TITAN

Long
NSE:TITAN   TITAN COMPANY LTD
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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