* 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.
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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