TITAN COMPANY Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong resistance at current levels , RSI also overbought zone its a sign of caution for bulls. (Updated on 05th September 2014, Friday).

TITAN COMPANY

• As per previous report published on TITAN, stock gave a sharp up move after breaking its resistance @ 372 and touched it expected target @ 390. (Click here to see previous report published on TITAN).
• As per current technical analysis, stock is facing strong resistance at current levels as shown in chart no1, as long as stock is trading below bears can get active in Titan, but once stock closes above 161.8% fibonacci retracement then further strength is expecting. Chart also indicates volumes are also decreasing indicating bulls are loosing grip.
• Suggested Reading - TATA ELXSI facing golden ratio resistance, will favor bulls once closes above.
• As per graph no2, RSI has now entered in overbought zone, its a sign of caution for bulls, as long as stock trading above 70 chances are high stock can correct.
• Suggested Article - NSE HOLIDAYS 2014.
• If TITAN correct from current levels then stock may find fibonacci retracement support around 377, 365, 356 and 348. Close Watch.
• Click here to see all the free trading reports (tips) published by us on TITAN.
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