Timeframe: Weekly
Current Price: ₹4,246
Elliott Wave Analysis
From the major low of ₹1,825.05, Titan has completed a clear 5-wave impulsive rally:
Key Levels
Momentum Confirmation
RSI has curved upward and is attempting to cross above its 14-period MA — can be the sign of exhaustion in the final wave.
Trade Setup
Let’s see if Wave 5 prints its final spike or has already topped at 4,378.40.
Disclaimer: Please DYOR. Not a buy/sell recommendation. Educational purpose only.
Current Price: ₹4,246
Elliott Wave Analysis
From the major low of ₹1,825.05, Titan has completed a clear 5-wave impulsive rally:
- Wave 1 : ₹2,791
- Wave 2 : ₹2,269.60 (sharp retracement)
- Wave 3 : ₹3,886.95 (exact 1.618 extension of Wave 1)
- Wave 4 : ₹2,925 (WXY double zigzag)
- Wave 5 : currently in progress
Key Levels
- Recent high: ₹4,378.40 (possible Wave 5 top)
- Wave 5 target (1.618 extension of Wave 1 measured from Wave 4): ₹4,487.90
- Bearish invalidation: ₹4,487.90 (clear break & close above)
Momentum Confirmation
RSI has curved upward and is attempting to cross above its 14-period MA — can be the sign of exhaustion in the final wave.
Trade Setup
- Bias: Bearish
- Strategy: Look for short entries near ₹4,378–4,400 zone
- Target 1: ₹3,886 (Wave 3 high / previous resistance)
- Target 2: ₹2,925 (Wave 4 low)
- Stop Loss: ₹4,488 (above 1.618 extension)
- Risk-Reward: Excellent (1:4+ on full move)
Let’s see if Wave 5 prints its final spike or has already topped at 4,378.40.
Disclaimer: Please DYOR. Not a buy/sell recommendation. Educational purpose only.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.