VIEW ON TITANDISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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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