Titan Share Price Target - Stock Talk with Nitin Bhatia #31 (Hindi)
Titan Share Price Target depends on multiple trading setup or technical analysis systems. The price action or chart analysis shows bearish outlook. Before the recent correction, the stock was trading in a bullish channel. In order to continue the bullish trend, the Titan should re-enter the channel. Co-incidentally, the bottom of the flag is short term support for the stock.
As we discussed in the price action video series that flag pattern is the continuation pattern and stock may resume downward journey, if it breaks the flag pattern. Currently, the stock is trading above 200 period EMA and this level coincides with the key support level.
On Fibonacci, the Titan share normally retraces from 61.8% retracement level. However, currently, it is trading 78.6% retracement level. Titan Share Price Target can also be decided with the help of Heiken Ashi candles and Stochastic RSI indicator.
The data points also suggest that the speculative positions are being built in the stock as the delivery % is decreasing. Titan does not have a strong co-relation with the Nifty 50. The option chain is bullish due to winding off of short positions on call side. The Nifty consumption index is under performing compared to Nifty.
To become a member/join, please click on following link
https://www.youtube.com/channel/UCqvVj1LkOpA8tjb7RadTvOg/join
If you liked this video, You can "Subscribe" to my YouTube Channel. The link is as follows
https://goo.gl/nsh0Oh
By subscribing, You can daily watch a new Educational and Informative video in your own Hindi language.
For more such interesting and informative content, join me at:
Website: http://www.nitinbhatia.in/
T: http://twitter.com/nitinbhatia121
#NitinBhatia
Видео Titan Share Price Target - Stock Talk with Nitin Bhatia #31 (Hindi) канала Nitin Bhatia
As we discussed in the price action video series that flag pattern is the continuation pattern and stock may resume downward journey, if it breaks the flag pattern. Currently, the stock is trading above 200 period EMA and this level coincides with the key support level.
On Fibonacci, the Titan share normally retraces from 61.8% retracement level. However, currently, it is trading 78.6% retracement level. Titan Share Price Target can also be decided with the help of Heiken Ashi candles and Stochastic RSI indicator.
The data points also suggest that the speculative positions are being built in the stock as the delivery % is decreasing. Titan does not have a strong co-relation with the Nifty 50. The option chain is bullish due to winding off of short positions on call side. The Nifty consumption index is under performing compared to Nifty.
To become a member/join, please click on following link
https://www.youtube.com/channel/UCqvVj1LkOpA8tjb7RadTvOg/join
If you liked this video, You can "Subscribe" to my YouTube Channel. The link is as follows
https://goo.gl/nsh0Oh
By subscribing, You can daily watch a new Educational and Informative video in your own Hindi language.
For more such interesting and informative content, join me at:
Website: http://www.nitinbhatia.in/
T: http://twitter.com/nitinbhatia121
#NitinBhatia
Видео Titan Share Price Target - Stock Talk with Nitin Bhatia #31 (Hindi) канала Nitin Bhatia
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
UPI or Unified Payment Interface - Part IIHDFC Bank Technical Analysis - Stock Talk with Nitin Bhatia #19 (Hindi)Stock Excel Sheet - How to Analyze? | Part 3 [HINDI]Mahindra and Mahindra Share Buy Sell Hold - Stock Talk with Nitin BhatiaInvestment Checklist for Stock MarketDabur Technical Analysis - Stock Talk with Nitin Bhatia #25 (Hindi)FII Buying and Selling Analysis - How to Do it Yourself | HINDIFuture Trading Technical Analysis (Hindi)The Trading Channel Price Action in TCS - Stock Talk with Nitin BhatiaOver Trading Risk - How to Avoid?MSCI Emerging Markets Index UpdateBPCL Stock Analysis - Stock Talk with Nitin Bhatia #52 (Hindi)The Biggest Reason for Losing Money by Traders (Hindi)Indusind Bank Technical Analysis - Stock Talk with Nitin BhatiaStock Market Forum for Serious Learners - HindiWhy Backtesting is Important? (Hindi)Will Discount Brokers be Closed?Future Shorts for Jan 2023 Expiry | Option Chain IndicatorMultiple Line Candlestick Patterns - Price Action Strategy | Part 5 (HINDI)Adani Ports Trading Strategy - Stock Talk with Nitin Bhatia