Titan making a comebackTitan a common favourite stock is making a comeback to make yet new highs.
The stock has been underperforming the market and has been in a 3 month consolidation and now forming a cup and handle pattern inside a bullish flag pattern.
The accumulation volume looks good and is providing support to the stock at the lower levels and the stock if supported by overall markets can rally to an aggressive target of Rs 4500 and beyond.
The stock has been making multiple bases since Apr 2009 as can be seen from its weekly chart
TITAN trade ideas
Crushing Titans: Short & Sweet Profits! 💥💰Based on my analysis, it appears that Titan is likely forming either an ABC pattern or a 5-wave structure. Presently, it seems to be in the process of developing the C or 3rd wave. In light of this analysis, I recommend considering a short position in Titan. The initial target for this short trade would be set at 3440.
TITAN--Trendline Support??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
GapGaps
Weekly gaps near life time high
Weekly gaps are extremely imp gaps – If forms near life time high – You can see stocks moving in linear line.Some examples to see.
Key thing to watch is gap has to break out resistance
if resistance is a long term tested zone - result is going to be extraordinary.
there are times when gap will fail, in those cases u have to whats major trend?
if trend is down - gap will be likely to be used as sell on rise.
Titan Company LtdTitan Company Ltd is among India’s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO)
Jewellery Division (89% of revenues)
Watches & Wearables Division (8% of revenues)
Good for longterm - Gold price rise may reduce sales / Revenue in upcoming quarter.
Target provided in chart - SL as per your risk appetite.
Market Cap
₹ 2,54,053 Cr.
Current Price
₹ 2,862
High / Low
₹ 2,872 / 1,825
Stock P/E
78.2
Book Value
₹ 133
Dividend Yield
0.35 %
ROCE
25.1 %
ROE
30.7 %
Face Value
₹ 1.00
Promoter holding
52.9 %
EPS last year
₹ 36.6
EPS latest quarter
₹ 8.22
Debt
₹ 9,367 Cr.
Pledged percentage
0.00 %
Net CF
₹ 16.0 Cr.
Price to Cash Flow
185
Free Cash Flow
₹ 950 Cr.
Debt to equity
0.79
OPM last year
12.0 %
OPM 5Year
10.9 %
Reserves
₹ 11,762 Cr.
Price to book value
21.4
Int Coverage
15.8
PEG Ratio
3.28
Titan can break new high . Exciting Investment Opportunity: Titan Share 📈
Hello fellow investors and traders,
I hope this message finds you well in your pursuit of financial success. Today, I'd like to share an intriguing investment idea that has caught the attention of many due to its promising potential – Titan Share.
Technical Analysis Overview:
Based on thorough technical analysis, Titan Share seems to be in a prime position for a significant upward move. The stock's current price of 3058 presents an exciting entry point, especially when considering the potential for it to break its all-time high of 3210. This suggests a strong bullish sentiment and could mark the beginning of an impressive upward trend.
Why Consider Titan Share?
Historical Performance: Titan Share has demonstrated the ability to achieve and surpass previous record highs. This indicates a history of resilience and the potential for a sustained upward trajectory.
Market Sentiment: Positive market sentiment is a crucial driving force for stock price movement. Titan Share's recent performance and current technical indicators suggest a growing interest among investors, potentially leading to a substantial price increase.
Strategic Stop Loss: Protecting your investments is paramount. With a strategic stop loss set at 2882, you're ensuring a safety net in case the market takes an unexpected turn. This allows you to confidently ride the bullish wave while managing risk effectively.