TITAGARH-3-ACCUMULATE

TITAGARH : CMP - 957.75, Accumulate for a 2 months time frame for a target of 1118 & 1180,. Script is taking support ( @ 910)and bounced back from it. will resume a small stint of upward journey once crosses 973. this time the upwards journey will be slow and time taking (45 to 60 days). Keep a strict stop loss of 897 on closing basis.

Trade active:

Titagarh: Consolidation Phase;

Titagarh is in an consolidation phase, will keep on testing upper resistance band of 1027 -1038; It will not start its northwards journey (upside) untill it cross the said band on closing basis. Small profits with upswing and accumulation at the bottom below 973.3 should be the strategy going forward, till breakout above the band.

Comment:

Titagarh if breaks below 897 on closing basis, than further downside is expected & will take it to 820, if that supports also breaks than further it will opeandownside to 770-720 levels before final reversal.

Trade active:

Titagarh has taken support from 820 odd levels, during intraday trading gone as low as 783, Accumulate as per the capacity. down side is capped to 770-720 levels while upside tagets range from 1118-1180.

Trade active:

Titgarh is nearing is near to complition of time correction zone as well as consolidation phase, soon breakout above 973 level are expected.
Revise the stop loss to 905.

Trade active:

Titagarh is at Breakout after cosnsolidation for 2 months, its at its breakout band of 973.5, should rally northwardsand test ist resstance band of 1027 to 1038.

Trade active:

Titagarh has comfortably sustain above the 973.5 and closed above its near term resistance. As per the charts titagarh is in Flat (3-3-5) corrective pattern, and corrective wave-b is in formtion, which should take the script to 1118 to 1180 in coming fortnight. Stay invested, dont rush to book profits.