Titan Eyeing a Potential Reversal—Breakout on the Horizon

2024年8月15日

✅ The stock has been trading within a descending channel since early 2024. It is now approaching the upper boundary of this channel, which could act as a key resistance. A breakout from this channel could signal a reversal and an upward trend.

✅ The 50 EMA has been providing dynamic resistance over the last few months. The stock is now testing this level once again, making it a critical zone to watch.

✅ The stock recently bounced off a strong support zone around ₹3,300, indicating buyers are stepping in at lower levels. If the price can break out above the descending channel, this support level will become even more significant as a foundation for the next leg up.

✅ The RSI is currently at 53.48, showing a slight bullish bias. A move above 60 would indicate stronger bullish momentum, supporting a potential breakout from the descending channel.

2024年8月22日

交易進行

3400 to 3625 more than 6% up