May 06, 2016
Titan (NSE Cash)
360 - 357
14 - 21 sessions
Source: Falcon (Chart Time: 12:40 IST)
After undergoing a long ‘Time-Wise’ correction, we witnessed a breakout from the ‘Downward Sloping Trend
Line’ at 358 on April 18, 2016. The volume activity picked up substantially during this price action. However,
due to decent profit booking, the stock prices corrected a bit from the recent high of 384.60. At this juncture,
the stock is hovering around the earlier trend line support of 355, which coincides with other multiple technical
evidences. In addition, the ‘RSI-Smoothened’ oscillator on the weekly chart is positively poised. Looking at
above technical evidences, we expect a resumption of its prior up trend. Thus,
traders are advised to buy the
stock at current levels and on declines to
357 for a target of
388. The stop loss for the trade set-up can be
May 06, 2016
Last 10 recommendations
Recom. Buying/Selling Range
188.50 - 187
268 - 265
148 - 146
372 - 369
217.50 - 216
175.50 - 173
Exited at 177
123 - 125
Exited at 123.50
364 - 361
53.20 - 52.50
400 - 397
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website:
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