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.
Inverse head & shoulder pattern is under process in titan, as long as titan stays above right shoulder's low.
Could be bought with mentioned stoplos & target in very short term with very good risk to reward ratio.
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.
As we can see TITAN is on important support.so we can short after breaking that imp support and we can go long after breaking 200ema on 30min frame. Targets and other imp information are mentioned in the chart itself.
Titan - another company going through some valuation vs current price correction. Titan - 2293 by 26th Oct. However we may see a turnaround as its showing signs. The target for next up move is 2490, if it crosses 2429.
# Titan is forming a flag pattern on an hourly timeframe!
# Also, forming a double top and double bottom on 15 mins timeframe!
# Getting ready for a breakout!
# Rsi is decreasing and stock is losing its momentum!