Since the titan couldnt go pass resistance this is my game plan. Pull back to 2500 ish and then long till 3100 ish. Come on bears short this to 2500. This is cancelled if there is a weekly close above the resistance as shown in the plan.
#TITAN is currently trading near a strong and important resistance area of 2740-2800. We can see from the chart that the price has dropped more than twice from this resistance area in the past, making it a crucial level to watch.
If the price manages to break above this resistance area and closes on the weekly and daily charts above the breakout and resistance...
NSE:TITAN
Even though TITAN is hyped on daily timeframe, since it has declared rise in it's consolidated profits by 49% over the previous year, a rally can be expected. But to be on safe side, 3% with 20-25 days isn't bad. If it breaks out the previous top, hold for 10% gains minimum. But not without the support retest i.e. the previous top.
*Not a financial...
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.
