TITAN - High Probability Reversal Setup

4월 2일

TITAN COMPANY LTD (NSE:TITAN) - High Probability Reversal Setup

Weekly Timeframe Analysis | Potential Swing Trade Opportunity

▲ BULLISH CASE[/color]

Elliott Wave Structure:
• Appears to be completing Wave C of correction (ABC pattern)
• Wave C = 1.272 extension of Wave A at ₹2,890-2,960 zone
• Typical reversal area for such corrections

Technical Confluences:
• [u]Fibonacci Support:[/u]

1.127-1.272 retracement of prior uptrend

Aligns with 2023 swing high area
• [u]Volume Profile:[/u]

High volume node at ₹2,920

Declining volume on recent downmove

Pattern Recognition:
• Potential falling wedge (bullish)
• RSI(14) weekly showing bullish divergence
• MACD histogram flattening near lows

▼ RISK FACTORS[/color]
• Breakdown below ₹2,840 invalidates setup
• Broader market weakness could delay recovery
• FIIs reducing positions in consumer sector

📊 Trade Plan

1. []Entry Zone: ₹2,890-2,960 (scale-in approach recommended)
   []Stop Loss: Daily close below ₹2,840 (absolute)
   
2. Targets:
   
   T1: ₹3,226 (61.8% retrace)
   
   T2: ₹3,733 (previous high)
   
   T3: ₹3,834 (127% extension)
   
3. Timeframe: 8-12 week hold for full targets
   

📌 Key Levels
[table]
[tr]
[td]Support[/td]
[td]Resistance[/td]
[/tr]
[tr]
[td]₹2,960 (immediate)[/td]
[td]₹3,100 (200 DMA)[/td]
[/tr]
[tr]
[td]₹2,890 (strong)[/td]
[td]₹3,226 (F&O OI peak)[/td]
[/tr]
[tr]
[td]₹2,840 (absolute)[/td]
[td]₹3,733 (ATH)[/td]
[/tr]
[/table]

💡 Additional Notes:
• Watch for bullish reversal candle patterns in the zone
• FII derivative data shows put writing at ₹2,900 strike
• Consumer sector showing relative strength vs Nifty

Would you take this trade? Discuss in comments!

#TITAN,#NSE,#swingtrading,#elliottwave,#technicalanalysis

5월 23일

액티브 트레이드

Trading near Swing Target, predicted at perfect bottom

10월 17일

거래청산: 타겟 닿음

Well predicted bottom and reaching at target now