Titan is forming ascending triangle pattern. Now almost at the lower trendline level.
2 options:
1. If takes support on trendline or around 1440, make an entry for target 1570. SL below 1400 closing. Keep tracking nifty if it doesn't support we might get SL here.
2. best scenario will be above 1600 closing, it'll give a breakout which can take it to at least...
Crossed 85-86 levels which was a very imp resistance level. The triangle pattern forming on weekly charts ready for a multi-year breakout.
Buy at cmp and in dips
Short term SL - 81 on closing basis
Short term targets - 105, 120
Long term SL - use below trendline as SL or around 70 on closing basis
Long term targets - 125, 150, 180
