Powered by: Motilal Oswal
2024-03-22 11:20:02 am | Source: Choice Broking
Holi Pick 2024 : Buy TITAN @ 3625 & add Upto 3575 for the Target of 3900/4035 by Choice broking
Holi Pick 2024 : Buy TITAN @ 3625 & add Upto 3575 for the Target of 3900/4035 by Choice broking

Buy TITAN @ 3625 & add Upto 3575 for the Target of 3900/4035

TITAN is currently trading at 3625 and has recently consolidated at the bottom with good volume, indicating a potential reversal and a strong bullish trend. A breakout above 3650 could propel the stock towards the *3900 level, with immediate resistance at ?3750. On the flip side, ?3360 & *3400 serve as crucial support levels.

Furthermore, after a prolonged correction, the stock has reversed from the support level. The Relative Strength Index (RSI) is currently at 46, on an upward trajectory, suggesting growing buying momentum. Collectively. these technical indicators imply that TITAN has the potential to reach the *3900 target in the near term.

A prudent strategy would involve considering buying opportunities on dips at levels around ?3575.


In summary, based on technical analysis and prevailing market conditions.
TITAN appears to present a promising buying opportunity for those targeting a 3900 price objective. It is crucial to implement prudent risk management strategies to navigate potential market fluctuations.

 

For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimer

SEBI Registration no.: INZ 000160131

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here