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Titan Company Ltd

BUY 26 MAY 4400 CALL SELL 26 MAY 4600 CALL Titan Company Ltd Entry Range 85 Target Range 160 Stop Loss 50

Rationale

* On the daily timeframe TITAN maintains a strong uptrend, consistently forming higher highs and higher lows while holding above the rising trendline support, indicating sustained buying interest.

* The stock prices are trading above the key moving averages of 20-DEMA and 50-DEMA, reflecting positive undertone for the near term, where dips being bought into.

* Momentum indicators remain supportive as 14-day RSI is trading near 60 mark, while MACD histogram shows a mild consolidation after a positive crossover, suggesting continuation potential.

* Sustained trading above the above the 4400 zone maintain the bullish bias for the near term, while on the upside 4600 mark acted as the immediate hurdle. From the derivative prospective one can initiate buying in the ATM call option of the 4400 strike with selling in the call option of 4600.

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SEBI Registration number is INZ00017433