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MTF Stock Pick  Buy Titan Company Ltd For Target Rs. 1690- HDFC Securities 

* Titan has been consistently falling in the last few weeks after testing a high of 1618 in April 2021.

* The stock has found support around the 1400 levels which also roughly coincides with a previous intermediate low tested in February 2021. This implies a double bottom formation on the weekly charts.

* Technical indicators are giving positive signals as the stock is trading above the 20 and 50 day SMA. Daily momentum indicators like the 14-day RSI have bounced back from oversold levels and are in rising mode now. This augurs well for the uptrend to continue.

* With the intermediate and long term technical setups too looking positive, we believe the stock has the potential to move higher in the coming weeks and therefore recommend a buy. Our entry levels with stop loss and targets have been mentioned above.

Buy Titan Company Ltd  Up to 1-3 Months @ 1500-1527 CMP 1513.5 TGT 1690 SL 1430

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