Titan has taken a reversal from a strong support zone @2480, Now it's showing bullish momentum and retested breakout trendline. so keep on the watchlist and take the opportunity of this trend.
Entry Level:- Above @2625
Stop Loss:- Below @2450
Target:- 1:1 or 1:2
IN this chart
strong resistance zone is all time high 2790 level
near Resistance is 2638 level also a fibbo 0.3 level Resistance
if it cross 2640 and sustain above this level then can become bullish again if reject then can come to 2540
Near storng support zone is 2520
We are seeing quite a fall in the prices of Titan Company Ltd since the first week of November 2022.
Currently, prices have entered the zone from where they bounced previously in late September 2022 and there is a probability we might see a similar price behavior.
With a small risk, it can be a rewarding swing trade.
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
📊 Script: TITAN (TITAN COMPANY LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500
📊 Sector: Consumer Durables
📊 Industry: Gems Jewellery And Watches
Key highlights: 💡⚡
📈 Script is trading near at its resistance level which is around 2745 in both daily as well as weekly Time frame as mention in chart.
📈 MACD and Double Moving...
Stock for festival season.
Since the time Tanishq is contributing to the major profit of Titan, the profits have started to increase drastically in between August - December.
I would buy the stock in pullbacks.
P.S. I would load up on Titan stock around 2450 levels.
Titan Close above resistance trendline and supply zone too.
Can make move up side.
Can long above 2290, for targets of 2300, 2350, 2500, 2600 and 2700+ too.
SL 2260, CLB.
Education purpose only, not a sebi registered advisor.
Titan showing some reversal sign.
Sell confirmation below 2420 only.
Can short if it goes high around 2470-2500, with SL of 2540
Targets can be 2363, 2260, 2180 which are fibo retracement levels.