NSE:TITAN On Weekly Chart Will Show 1455++NSE:TITAN
Titan Weekly Trend 25/12/2019
Well,
TITAN on weekly chart after making a high of 1389.95 retrace back to 1123.20 and close right above the Golden Fib Retracement Level of 0.786. Now stock is making upside moves from 1123.20 and as per Fib Extension and Elliot Wave theory I am expecting stock will show 1450 plus in upcoming weeks or months.
But there are two things to consider before stock makes any new lifetime high.
The first thing which comes in my mind is Volume in current uptrend there is no solid volume which we can consider for clear uptrend move.
The second thing which comes in my mind is there is big Supply Zone of 1320-1390 which need to be break out befor making any new lifetime high which does not seems to be easy task until and unless we see strong buyers who are not visible right now.
If we go with Fib Extention and Elliot Wave Theory we can see 1455++ in coming weeks
