Titan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active.
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct.
On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock.
It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now.
Overall, the setup looks very strong and having a bullish bias in it.
Keep it in radar
הערה
2581 so far :) More to come :)הערה
Titan 2600+הערה
Titan הערה
2545 to 2641 till nowהערה
Titan - is everyone talking about it now ?
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.