TITAN ON THE VERGE OF A BREAKOUT

  • On the daily chart, the stock is on the verge of a breakout from a bearish flag pattern.
  • After touching an all-time high of Rs 1340 on July 1st, the stock has corrected to Rs 1070 levels in short span of time due to witnessed a high-volume breakdown gap on 9th July.

  • A breakdown below 1070 levels with healthy volumes would trigger a bearishness on upcoming days. Moreover, 21-day SMAs and the RSI are placed in the negative territory.
  • On the contrary, the stock might get recovered in the short term as the primary trend is positive.