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.
TITAN trade ideas
TITAN ShortTitan is entering a period of under-performance w.r.t. Nifty.
How to read Relative Momentum Chart?
🔹Lower Momentum peaks at every Price peak
🔹Previous peak barely above zero level
Not a Shorting recommendation as Titan will rally if Nifty rallies, but the rally might be much lesser.
Interesting case study. Will re-visit after a few weeks. Not a Reco!
TITANAfter consolidation 4 days it breaks in upside but there is a trendline resistance on daily timeframe chart lets wait how it react here if it give breakout in upside then should wait for a retracement and if it reject from here then can short with strict small stoploss. but be care full in both position.
TITAN : Trend Reversal....! Stock on Daily TF yesterday stock has made spinning Top pattern in down side with high volume. That means the down trend has over with volume Exhaustion and today stock has open low same and upside move gives to 6.7% with high volume and most important is to break the yesterday's high of Spinning Top. So its clear cut sign to stock is going upside.
Entry :CMP
SL : 2405
Upside Move : 2624,2785