NSE:TITAN DARVAS BOX at all time high in titan , bullish bias looking to head higher...
all my indicators with 85% tell me that the market change to buying
chances to fire up as inverted head and shoulders along with volume spurt...........
Buy titan abv 1590 . trgt Buy titan abv 1600 -1630-1661-1682 stop loss 1541. Disclaimer: The above is shared just for educational purpose and is my personal view. By no means shall I be accountable for any debits/losses amounting out of it. I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions
Titan is one such stock that has been trading in a range of about 15% for the past 5 months. The Recent rally from range support ( the move I already captured - please refer to linked post ) looks quite good and the stock currently is trading at the range upper end, any breakout might bring a fresh buying in the stock and it can move towards 1700 and 1750 levels.
reasons to short:- 1) head and shoulder retest. 2) down trend line resistance 3) strong uptrend break and retest .
All levels are mentioned on the chart.!
Titan CMP 1559. It has finished its latest ABC correction and now started fresh motive wave 1 on daily chart. Looking at price action, 1940 is the first target at the end of current wave cycle. SL 1408 DCB.
titan near breakout point-1389 can 1400++ buy in dips at 1330or 1310 and go long strong support at 1260 but nearly overbought zone so sell below-1345-trgt-1337-1333 sl-1352 if break 1331 then sell below 1387-trgt-1318-1310 sl-1335 plz like and comment my work. note-trade at own risk otherwise watch my analysis
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...
TITAN UPSIDE TARGET - 1300-1600++
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 WE CAN SEE UPSIDE MOVE TILL THE TARGET-1600