Today Titan has formed a candle that touches both the Bollinger Bands, indicating strong contraction in volatility. A break from this band in either side should ideally give a very strong move. Since the Monthly Bolinger has also given a Breakout, weekly bollinger is about to breakout, a followthrough is expected. I recommend going long, or Buying 540 CE.
Dont Buy 530 CE, since it has already gained premium although the stock price fell today.
[ Conservative traders can buy a 530 Strike Straddle (Buy 530 CE & PE).
Targets are 560 if it breaks on upside & 500 if it breaks on downside. ]