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 205 /200 over the near term.
Looking at the technical evidences mentioned above, we recommend traders to sell below Rs 212 with a stoploss placed above Rs 218.60.
No comments:
Post a Comment