Technical Analysis:
The price of Titan (TITAN) is currently showing signs of weakness, suggesting a potential test of the support level in the near future. Traders should closely monitor the price action as it approaches this crucial level
if titan will test the support level again, then we will have oppourtinioty to go long again.
As disclosed, in the chart drawing, this script has approximately approached the retest support zone. So, reaction from this area will be interesting to observe.
Titan has again given a all time high breakout. Chart is looking extremely positive and strong. This company is fundamentally very strong and technically chart is suggesting a very good upside.
CMP - 2861 (2/6/23)
T - 3200, 4100 W
Sl - 2650 W
the stock is trending upwards.
the price is broken the previous resistance but not able to sustain above resistance, witness a strong fall observed.
we have a demand zone @2670 range, may price again move upwards from here.
one interesting fact is price after consolidation and moved strongly to above levels,
consolidation is observed at 2560 levels,which is a...
#TITAN is currently trading near a strong and important resistance area of 2740-2800. We can see from the chart that the price has dropped more than twice from this resistance area in the past, making it a crucial level to watch.
If the price manages to break above this resistance area and closes on the weekly and daily charts above the breakout and resistance...
NSE:TITAN
TITAN IS SHOWING SUPER BULLISHNESS IN THE MARKET.once it crossed 2800 then next target
will be 3104 in the coming days.
it will be bearish below 2543 level.
Titan Showing Ascending Triangle Formation with Buyers shifting up with each swing while bears continue their hold at 2780.Intersting to see if stock gives breakout from here
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...
Confluence:
=Range bound market, High and Low tested multiple times
=About to break market structure
= Can test previous breakout and may reverse from ORDER BLOCK
Short @ 2561.10
Stop loss @ 0.50%
Target @ 1%
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
