Technical Outlook & Trading Strategy:-
The share price of Titan has re-tested the neckline of the bearish head and shoulder pattern currently placed at Rs 217- Rs 218 levels and now appears to have revived its southward journey .
The measuring implication of the price pattern suggests that the share price could potentially decline to the levels of Rs 205 / Rs 200 over the near term.
We recommend traders to buy Rs 210 Aug Put 50% now and again in the range of 5 – Rs 6 levels with a stop loss placed below Rs 0.75 levels for targets of Rs 12 – Rs 15 levels.
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