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Stock of the day: Buy Titan Ltd 2400 PE For Target Rs.42 By Religare Broking
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Titan Ltd
* Titan has been gradually drifting lower, after a breakdown from a distribution pattern.
* It has recently slipped below the support zone of major moving average i.e. 200 EMA on the daily chart.
* The chart pattern and indicators are pointing toward the prevailing trend to continue.
* We thus suggest initiating fresh shorts through the Put option.
Buy Titan Ltd 2400 PE CMP: 29.75 Range: 24-26 SL: 14 Target: 42
Technical Chart : Daily
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