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.
BANKNIFTY UPCOMING MOVE WE CAN SEE UPSIDE TILL 25000-26000 TILL 16-OCT-2020
TITAN WE CAN SEE UPSIDE MOVE TILL THE TARGET-1600
Ascending triangle breakout and retest
Titan as shown in the chart has bounced from 200 Day Ema and is most likely it will bounce from the levels
Titan has given breakout on daily charts. On weekly charts Titan is just nearing 100SMA which is very imp levels. Any close above 1080 will brigger major Bo and stock will head towards 200DMA levels. Kindly note this is resistance point. So volume and breakout conformation is needed! Keep on track
Buy for 15-20% upside. Target 1 - 1100 Target 2 -1200 SL - 817
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 !!
Short set up shown..one can use the --- lines to take targets or move sl
We can trade this stock for indraday because it has Narrow CPR on 17-Aug-2020 . You can Buy near CPR if it's trade above CPR or Sell if it's trade below CPR and Book profit near R1, S1 or trailing for more profits R1 - 1118 CPR- 1104 S1 - 1090 Must comment if it's work for you. If you want youtube tutorial video on Narrow CPR , you can request in the comment...
Hello!! Titan is really a good stock as rakesh jhunjhun vala is also buying it in very good quantity and now it just gave a breakout to my previous chart now next immediate target can be 1134 if sustains above 1116 and then 1150 will be a great hurdle ...... let's see what will happen next #my_view #learner
Watch signifies patience and so will this stock to reap. Wait for the re-trenchment to the POC level in green channel .
i hope you have made some money. in last 1 hour price gave great move. the reason of posting again this chart, this stock has more potential to fire up. for day traders as well as swing traders. good luck.