Titan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active.
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
Nota
2581 so far :) More to come :)Nota
Titan 2600+Nota
Titan Nota
2545 to 2641 till nowNota
Titan - is everyone talking about it now ?
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.