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Published on 17/08/2019 5:39:12 PM | Source: Choice Broking Pvt Ltd

Buy Titan Company Ltd For Target Rs.1170 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Titan Industries Ltd #Watches Sector #Trading Report #Choice Broking

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*  After a healthy correction from its all-time high, the stock has halted its downside move with the support of its 50 Weeks Moving Average which shows a bounce back movement in the counter.

*  Moreover, the stock has formed a Hammer Candlestick which is a Bullish Reversal formation and suggests a Bullish Move in the counter.

*  Furthermore, the stock has taken the support of its Horizontal Trend line as shown in the chart which indicates a rebound movement in the counter.

*  A daily momentum indicator RSI reading is at 44.10 level with a positive crossover which points out for a positive breath the counter.

*  Based on the above technical structure, we are expecting a good upside movement in the counter in an approx. one week.

 

Recommendation

Buy Titan Company Ltd @1065.00-1075.80 Stoploss 1030 Target 1170 CMP 1075

 

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