A TECHNICAL UPDATE ON TITAN COMPANY LTD-19.11.2024

 

TITAN COMPANY LTD

 

CMP---- 3172.30   ON   18.11.2024.

ATH—3886.95 made on 30.1.2024.

ATL---- 1.61 made in 1998.

RECENT LOW----- 720.90 MADE ON 24.3.2020.

Support:3126.10/3114.40/3106/3075/3055.65/3037.55/2950/2932/2882.45/2791/2768/2677.90/2321/2269.60/2205/2035.55/1825.05.

Resistance:3210/3239/3283.90/3329/3352/3415.10/3450/3478/3503/3518.80/3547.05/3582/3625/3658.80/3737/3776.85/3808/3838.30/3867/3886.95.

TECHNICAL VIEW:--

After hitting an all-time high of 3886.95 on 30.1.2024.it corrected and still into deep correction mode. The technical setup and the indicators are weak and indicates that it is likely to go down further from here but moving down it has a very strong support point at 3075 & 3055.65 so it may bounce back from here and may resume the up-move again but break & sustained close below these points will make the correction much deeper. In this regard please note that as of now the technical indicators negative divergence indicates that it could come down to 2500—2350 range or lower, provided it breaks and sustain below 3075 & 3055.65  on the closing basis. The good range to buy the stock in a staggered manner would be between 2550---2350 and the worst price for the stock as of now seems to be in the range of 2350--2237, break & sustained close below 2237 can drag it down to much lower levels. Similarly moving down if it holds the level of 3075 & 3055.65  on the closing basis, then one can try buying  it near 3075 with a with a stop loss of 2990.

IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

Trading Calls For-24-6-14

Trading Calls For-19-6-14

Trading Call For 2-6-2014

Trading Tips (For 22-5-14 - only 10 Sell Call)

1. ADITYA BIRLA NUVO – CMP- Rs1242.15.  On 21-05-2014

Sell below – 1236 with a stop loss of 1245 for a target of 1200

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

2. BANK OF BARODA – CMP – Rs.934.35 On 21-05-2014

Sell below – 931.55 with a stop loss of 938 for a target of 900

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

3. BHARTI AIRTEL – CMP – Rs. 339.30On 21-05-2014

Sell below – 335.70 with a stop loss of 340 for a target of 325

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

4. GRASIM – CMP – Rs.2952.65 On 21-05-2014

Sell below – 2945 with a stop loss of 2955 for a target of 2880

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

5. PUNJAB NATIONAL BANK – CMP – Rs.986.45 On 21-05-2014

Sell below – 980 with a stop loss of 990 for a target of 950

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

6. RELIANCE CAPITAL – CMP – Rs.505.80 On 21-05-2014

Sell below – 495 with a stop loss of 507 for a target of 478

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

7. RIL – CMP – Rs.1078.40 On 21-05-2014

Sell below – 1073.75 with a stop loss of 1080 for a target of 1045

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

8. SUN PHARMA – CMP – Rs.576.90 On 21-05-2014

Sell below – 574 with a stop loss of 580 for a target of 553

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

9. TITAN – CMP – Rs.310.45 On 21-05-2014

Sell below – 309.50 with a stop loss of 312 for a target of 295

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

10. ULTRATECH CEMENT – CMP – Rs.2270.95 On 21-05-2014

Sell below – 2250.50 with a stop loss of 2265 for a target of 2196

Remarks: Sell call for the day 22-05-2014. Please make your cost as stop-loss in favorable trade for capital protection.

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                 2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Tips (For 20-5-14/6 Sell Calls and 1 Buy Call)

1.INFOSYS  CMP RS.3015 ON 19-5-14

  Sell below  3000 with a stop loss of Rs.3020 for a target of Rs.2920

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 

2.AMBUJA CEMENTS CMP RS.219.40 ON 19-5-14

  Sell  below  218.10with a stop loss of Rs.220 for a target of Rs.208

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
3.TATA MOTORS CMP RS.444.40 ON 19-5-14

  Sell below 442.80 with a stop loss of Rs.445 for a target of Rs.434

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



4.HIND UNILEVER CMP RS. 555.80 ON 19-5-14

  Sell below  551.55 with a stop loss of Rs.553 for a target of Rs.539

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



5.LUPIN CMP RS.914.30 ON 19-5-14

  Sell  below 905 with a stop loss of Rs 915 for a target of Rs.870

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



6.TECH MAHINDRA CMP RS.1738.75 ON 19-5-14

  Sell below 1730.65 with a stop loss of Rs.1740 for a target of Rs.1680

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
7.TITAN COMPANY CMP RS.307.30 ON 19-5-14

  Buy above  307.30 with a stop loss of Rs.304 for a target of Rs.322

REMARKS;- Buy Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 


NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                   2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                   3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit

Trading Tips (For 19-5-14 ,3 Buy Call & 8 Sell Call)

1.ADITYA BIRLA NUVO  CMP RS.1174.45 ON 16-5-14

  Buy above 1188.80 with a stop loss of Rs.1185 for a target of Rs.1220

REMARKS;- Buy Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 

2.AMBUJA CEMENTS CMP RS.224.35 ON 16-5-14

  Sell  below 222.30 with a stop loss of Rs.225 for a target of Rs.214

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
3.NMDC CMP RS.161.90 ON 16-5-14

  Buy above 164.10 with a stop loss of Rs.162 for a target of Rs.171

REMARKS;- Buy Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



4.EXIDE INDS CMP RS. 122.90 ON 16-5-14

  Buy above 122.90 with a stop loss of Rs.121 for a target of Rs.129

REMARKS;- Buy Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



5.CIPLA CMP RS.388.25 ON 16-5-14

  Sell  below 384.50 with a stop loss of Rs 389 for a target of Rs.368

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



6.DR.REDDYS LAB CMP RS.2406.90 ON 16-5-14

  Sell below 2400 with a stop loss of Rs.2410 for a target of Rs.2340

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
7.CROMPTON GREAVES CMP RS.171.10 ON 16-5-14

  Sell below  170.25 with a stop loss of Rs.172 for a target of Rs.162

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
8.HDFC LTD. CMP RS.885.80 ON 16-5-14

  Sell below 885 with a stop loss of Rs.892 for a target of Rs.865

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way


9.HERO MOTOCORP CMP RS.2397.65 ON 16-5-14

  Sell below 2381 with a stop loss of Rs.2398 for a target of Rs.2305

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way

 10.SUN PHARMA CMP RS.613.50 ON 16-5-14

  Sell below 611 with a stop loss of Rs.615 for a target of Rs.595

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way
 

11.TITAN COMPANY CMP RS.307 ON 16-5-14

  Sell below 305.15 with a stop loss of Rs.308 for a target of Rs.290

REMARKS;- Sell Call for the day 19-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way



NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                   2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                   3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and ex

Trading Ideas (For 5.5.2014)

1.Larsen & Toubro  CMP Rs.1263.55 on 2.5.14 

Sell below 1260  with a stop loss of  1267 for a target of 1242

REMARK:-Sell call for the day (5.5.14)


2.Mahindra & Mahindra CMP Rs.1057.85 on 2.5.14

                                         Trading Option

 A.Sell below 1045  with a stop loss of  1060 for a target of 1024 (Call for the day only 5.5.2014)

B.Sell near 1085 or 1090 with a stop loss of  1100 for a target of 995(Positional Call)

REMARK :-Go for suitable option as per market movement.


3.Siemens Ltd CMP Rs.691.60 on 2.5.14 

Sell below 685  with a stop loss of  693 for a target of 665

REMARK:-Sell call for the day (5.5.14)

4.State Bank Of India CMP Rs.2048.20 on 2.5.14 

Sell below 2040  with a stop loss of  2050 for a target of 2010

REMARK:-Sell call for the day (5.5.14)


5.Titan Company CMP Rs.258.05 on 2.5.14 

Buy at current rate with a stop loss of  254 for a target of 268

REMARK:-Buy call for the day (5.5.14)



6.Bajaj Auto CMP Rs.1906.70 on 2.5.14 

Sell below 1900  with a stop loss of  1910 for a target of1872

REMARK:-Sell call for the day (5.5.14)


      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Tips For 2.5.2014

1.Bank Of Baroda CMP Rs.816.95 on 30.4.2014 


Sell below Rs.810  with a stop loss of Rs.818  for a down target of Rs.795.


REMARKS:- It is a day call  only.




2..Titan  Company CMP Rs.254.85 on 30.4.2014


Sell below Rs.254.80  with a stop loss of Rs.255  for a down target of Rs.246.50.


REMARKS:- It is a day call  only.

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL   PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Ideas (April '14 Series - Article 2)

CIPLA:-CMP Rs.396 on 7.4.2014

Sell now or on the rise with a stop-loss of Rs.407=00 or sell below Rs.392=00 with a stop-loss Rs.397=00 for a target of Rs.386 / 379/ 373 / 366/ 364.

ACC:-CMP Rs.1377=75 on 7.4.2014

Sell below 1371 only with a stop-loss of Rs.1380=00 for a target of Rs.1336-40.

ICICI BANK:-CMP Rs.1206.15 on 7.4.2014

Sell below 1202 only with a stop-loss of Rs.1208=00 for a target of Rs.1191/ 1188 / 1182,below 1182 it can go in for bigger fall.

TITAN COMPANY:-CMP Rs.262=50  on 7.4.2014

Sell at current market rate with a stop-loss of Rs.271  or sell  below Rs.260 with a stop-loss of Rs.264/ ,for a target of Rs.254/ , 246,below 246 it will go for deeper down correction.

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN. 

 Contact me for strategic guidance to enter and exit the trade