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Thursday, August 4, 2011

TRADING RECOMMENDATIONS Titan Industries Ltd.

Titan Industries Ltd. CMP— Rs 225.15
Technical Outlook & Trading Strategy:-

The share price of Titan appears to be forming Head & Shoulder formation. This is a bearish formation and the measuring implication of the pattern suggests that the price can decline to the levels of Rs 218 / Rs 215 levels.

Short positions are recommended at current levels with a stop placed above Rs 231.60 levels.

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