Titan Simple Analysis BullishNSE:TITAN is in an Up-Trend making continuous Higher Highs and Higher Lows in the chart.
Recently price has retraced back to a Trendline in a Corrective move, this should ideally take the price up from the Trap Zone and make another Higher High.
Expecting a 5:1 Reward to Risk Long trade with a Return on Investment of approx. 9.58%
TITAN trade ideas
Time to be cautious on Titan (neutral)We are close to all time high for titan share and a big resistance is out there. I would book profit here and wait for the trend confirmation.
Two big probabilities:
1. Open and close above resistance means long.
2. Open and close below resistance is good chance to short.
Titan couldnt push higher as guessed. Expecting a pull back nowSince 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.
tital price is likely to stest support level again. Technical Analysis:
The price of Titan (TITAN) is currently showing signs of weakness, suggesting a potential test of the support level in the near future. Traders should closely monitor the price action as it approaches this crucial level
if titan will test the support level again, then we will have oppourtinioty to go long again.
TITAN--Demand @2670 ??the stock is trending upwards.
the price is broken the previous resistance but not able to sustain above resistance, witness a strong fall observed.
we have a demand zone @2670 range, may price again move upwards from here.
one interesting fact is price after consolidation and moved strongly to above levels,
consolidation is observed at 2560 levels,which is a base.stronger than demand zone.
demand zone will take you to the resistance level only,but this will take above resistance.
Look at Consolidation + strong move.
keep track this instrument.
Use alerts @ every place, we cannot track each and every stock daily,
if you use alert system provided by trading view, which will alert you when the stock is near its demand or supply zone.
Use alert few points above demand or supply, you will aware when its coming towards your levels.
#TITAN: Watch Out for Breakout at Critical Resistance Zone"#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 area, we could witness an awesome move in the price in the coming days. This breakout could potentially trigger a strong bullish trend, and traders who catch the move early could see significant gains.
However, if the price fails to break above this resistance area and drops again, we could see a downtrend in the price. In this scenario, traders should be cautious and look for shorting opportunities.
It's worth noting that there is an important support zone at 2540-2588 for the price. If the price manages to hold above this support zone, it could act as a strong base for a potential bullish move.
Looking at possible positional targets, we can see that if the price manages to break above the resistance area, the sky could be the limit. Potential targets could include 3100, 3300, or even 3500+. However, it's important to keep an eye on the price action and take profits along the way.
In summary, #TITAN is currently trading near a critical resistance area, and traders should be on the lookout for a potential breakout or a reversal. The support zone and potential targets provide additional context for traders to make informed trading decisions.
Titan Company LTD 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 advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.