TITAN trade ideas
TITAN and its Big Bullish BreakOutTitan is having good breakout and sustained above 2500.
Volume Profile of the range for Titan indicates Accumulation.
Titan is forming outperformance also in Panic situation of Globally now a times.
Target : 2700, 3000+++
SL: 2325 (1 day close base)
Risk is yours and Reward is too yours totally
Titan Ltd.*Titan Ltd.*
Pole & Flag Formation: Weekly Basis
Price BreakOut: Additionally On Rectangular Consolidation Basis
Strong Volume Consolidation. Good to Go!!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
Watch maker, Jewellery being the leading vertical (82% of revenues)
Distribution network comprises 1900+ stores spread across 2.5 Mn sq.ft
Continues to grow faster than the industry and has been gaining market share from unorganised players.
Ramp up in new stores openings and technical advancement would
support future volumes for the firm.
Improving Sales / Profitability on Qtrly / Yearly Basis.
Low Leverage / +ve & Improving Opt. Cash Flows / WC Cycle.
Substantial RoA/RoE/ROCE since many years.
FII Stake fluctuating. DII Stake increasing since Jun'21.
Dividend Paying Co.
*Concern:*
Regulatory changes or supply related issues (Import Duty on Gold)
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
TITANNSE:TITAN
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TITAN 2600CE, 2500CE OPTION TRADINGAs of 31 January TITAN is trading at 2360. If you look at the above chart you can see TITAN is currently taking support near the TRENDLINE. At the price of 2450 there is a small RESISTANCE which it can face. There is a high probability that from here TITAN can give an upside breakout.
In this situation we can add 2lot of 2600CE which is almost 10% from the current trading price.
KEY POINT
STRIKE PRICE- 2600CE
CURRENT TRADING PRICE- 20 (As of 31 January)
NET INVESTMENT- 375*20 = 7500/lot
STOPLOSS - Look at the spot chart of TITAN if it goes below the TRENDLINE then exit the position. (RESPECT THE STOPLOSS)