Great up move was witnessed from 1260-70 zone and reached the upper trend line 1370-80area, soon we can see profit booking and am expecting price to fall.
Target 1300 TP1
Target 1240 TP2
Remember it can still jump from 1300 so try booking partial profit and wait for TP2 with tight stop loss.
For upper side if price hold near 1300 we can soon see 1400 and...
My target for this beautiful and undervalued stock Rs. 300++ in next few months. Once Nifty corrects, this is the stock (monthly chart is good). And strength vs Nifty 50 is good too. If this sustains we can easily see the Elliott wave 3 ending at about Rs. 322.
What are we talking about?
Target Rs. 300++
That is 140% profit - are you with me?
The analysis is purely on price action
If one checks the chart on lower Time Frame like 5 minutes or lower, one can notice ascending triangle pattern in making with higher highs.
Trade strategies as well as SL is explained in image itself.
Trade as per your own risk & money management
Feel free to comment your suggestions or queries.
Titan looks to be in the trending upward channel with near a resistance and can go down to 1096 and then bounce back.
A safe strategy to look for here in September series
Buy 1140 CE 1 lot
Sell 1200 CE 3 lot
Buy 1220 CE 1 lot
MTM SL here will be 1240 close on stock price !!