Published on 14/11/2017 1:17:49 PM | Source: Reliance Securities Ltd

Sell Titan Industries Ltd For Target Rs.725.00 - Reliance Sec

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

* The stock has formed a swing high at 808 levels and making lower tops on daily charts with negative price trend.

* Reversal of cross-over in RSI from top is signaling about weakness in the stock.

* We believe the stock will remain under pressure for the short-term due to huge outperformance and can correct to its gap opening levels.

* Thus, short position can be initiated around Rs 775-780 with the target of Rs725 and a strict stop loss of Rs802.



Positional Pick

TITAN (LTP: 765) SELL For today’s trade, short position can be initiated at 775-780 for target of Rs 725 with a strict stop loss of Rs 802.


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