TITAGARGH-SHORT TERM & MEDIUM TERM VIEW

Titagarh Rail System
CMP: 1178.50
short term target: 1356; stop loss: 1200
Once Titagarh script position it self above 1400 odd levels
Medium Term Target: 1600; stop loss: 1396
Duration: 5 week (short term); 15 week (medium term)

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Trade active:

Tiatagrah results are muted, still in line as per expectations.
After Interim Budget & Results Titagarh has breakdown towards correction as per the market sentiments around the domestic market.
Keep Strict Stop loss of Rs: 972 On closing Basis, Upon violation of the same it may head towards 910 & 880. Still Upward sentiment are intact on charts.
More likely it should consolidate in this range & more of time bound correction will be seen till 2-3 week of March

Trade closed: stop reached:

Titagarh Stop Loss Triggered @ 972. Short Term View Bearish;
Next Support Level: 910 - 880