A Doji appeared after a significant rally indicates a temporary pause. Considering RSI and other Oscillators/Moving Averages, trend reversal can be expected. High valuations are fully justified for Titan Industries business that has perhaps the best top line growth visibility in the large cap FMCG/Retail space in jewellery business, the largest segment of this company, in the next five years. I’d recommend a buy on its counter as per the trade plan, but with a short-term target.
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Stock Ticker – NSE: TITAN – Titan Company Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 1251.35 Target 1276.35 Stoploss 1226.35
Analyst Rating – :5/5
View Posted on 2019-05-23