Technical Outlook & Trading Strategy:-
The share price of Titan has registered a breakout from a Flag formation. Flag Formation is a continuation pattern and suggests the stock, has gained momentum for a fresh up move after a small consolidation.
The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. We believe that the stock price could test the level of Rs 232 - Rs 236 in the near term.
We recommend a buy above 225 with a stoploss placed below 218.40 for the above mentioned targets.
