Titan - Downtrend resumes ?
Titan 
TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909.
After a small retracement for 4 days, looks like the downtrend has resumed today.
Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure.
To me it looks like the stock is moving towards 872 levels.
Took short positions today with stop loss around 950 levels for a first target around 872 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909.After a small retracement for 4 days, looks like the downtrend has resumed today.
Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure.
To me it looks like the stock is moving towards 872 levels.
Took short positions today with stop loss around 950 levels for a first target around 872 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Penafian
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