TITAN COMPANY
- As per previous report published on TITAN, stock broke its range bound zone @ 347.50 and made a bullish breakout, after that made a high around 363. (Click here to see previous report published on TITAN).
- Now current chart indicates that stock is moving in a up channel formation, as long as stock moving in channel formation it will be favored by bulls as shown in graph no1.
- As per graph no 2. earlier stock closed above its major trend line resistance and made a bullish breakout, but after that stock came down and now testing in previous resistance which is acting a as a major support for Titan, if moves up from current levels and again closes above 372 then bulls will again have strong grip. Close watch.
- Intraday Stocks - Close watch once stock starts trading above 372, if holds above 372 during trading hours then intraday bulls action is expecting.
- As per graph no3 TITAN is facing strong 23.6% fibonacci retracement support at current level, if holds its support then stock can move up from current levels and will test its recent high @ 372.
- Suggested Reading - BERGER PAINTS trading above its major resistance , as long as holds above it will be favored by bulls.
- As per graph no 4, if stock moves up from current levels and closes above 372 then will find next strong resistance around 390 its 161.8% fibonacci retracement. Close Watch.
- Click here to see all the free trading reports (tips) published by us on TITAN.
- Tips on Indian stock market.
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