the_consolidation_guy

Titan Channel Consolidation (Time for Breakout?)

Long
the_consolidation_guy Mis à jour   
NSE:TITAN   TITAN COMPANY LTD

Notes:
- The Scrip was in a channel consolidation ever since 3rd Dec 2020 (220 point range roughly)
- It has tested the upper bounds of the channel 4 times in total
- Currently, the scrip is consolidating and testing the upper bound of the resistance zone (at around 1615-1620). Because of the consolidation, I'm slightly bullish since the last three times it tested resulted in a strong rejection (as shown by the shadow on the candles)
- Also the 21DMA is ready to cross over the 100DMA.


Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Trade fermée: cible de profit atteinte:
Although it made us wait for 3 days, the breakout candle was just beautiful.

On 3rd June, Titan was among the top gainers for the day closing around 6.65% Up.

I was able to catch close to 2% move intraday within a span of 3 mins.
Commentaire:
Just glad to see the stock making higher highs above our entry.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.