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.

 

To Read Complete Report & Disclaimer Click Here

 

For More Reliance Securities Ltd disclaimer at http://www.rsec.co.in/disclaimer SEBI registration No. INH000002384    

 

Above views are of the author and not of the website kindly read disclaimer