TITAN COMPANY LTD. – TECHNICAL ANALYSIS

Live Trading Box

1w ago

Open in App

📊

📅 Timeframe: Daily (1D)
💰 CMP: ₹4,675

🔹 SETUP: POTENTIAL WAVE 4 COMPLETION

Titan is currently undergoing a corrective phase after a strong Wave 3 advance toward the ₹5,200 zone.

The current price action suggests a potential Wave 4 completion near the marked buying zone.

🟢 BUYING RANGE: ₹4,545 – ₹4,583

This is the key zone to watch for a possible bullish reversal.

Look for confirmation through:
• Bullish reversal candle
• Higher-low formation
• Momentum recovery
• Breakout of the immediate corrective structure

📈 ELLIOTT WAVE STRUCTURE

Wave 0 → ₹3,850 area
Wave 1 → ₹4,550–₹4,600
Wave 2 → ₹3,950 area
Wave 3 → ₹5,200+
Wave 4 → Current correction
Wave 5 → Potential next upside move

🎯 UPSIDE LEVELS

1️⃣ First Target: ₹5,097

2️⃣ Long-Term Target: ₹5,571

If the Wave 4 correction completes successfully and price resumes the larger impulsive structure, these are the major upside levels marked on the chart.

🔴 RISK / INVALIDATION

Stop Loss: ₹4,286
⚠️ Daily Closing Basis

A decisive daily close below ₹4,286 would invalidate the current Wave 4 completion setup and require reassessment.

📌 KEY LEVELS

🟢 Buying Zone: ₹4,545–₹4,583
⚫ CMP: ₹4,675
🎯 Target 1: ₹5,097
🎯 Target 2: ₹5,571
🔴 SL: ₹4,286 (Daily Close)

🔎 WHAT TO WATCH?

Bullish Scenario:
₹4,545–₹4,583 holds
➡️ Bullish reversal
➡️ Higher Low
➡️ Corrective structure breakout
➡️ ₹5,097
➡️ ₹5,571

Bearish Scenario:
❌ Failure to hold ₹4,545–₹4,583
➡️ Deeper correction possible

❌ Daily close below ₹4,286
➡️ Current Wave 4 setup invalidated

📢 IMPORTANT

The ₹4,545–₹4,583 zone is the key decision area. Do not treat the buying zone as an automatic entry; wait for price confirmation.

⚠️ DISCLAIMER:
This analysis is for educational and informational purposes only and is not investment advice. I am not a SEBI registered analyst. Please conduct your own research and follow proper risk management before taking any trading or investment decision.

#TITAN #TITANCOMPANY #NSE #StockMarket #TechnicalAnalysis #ElliottWave #SwingTrading #IndianStockMarket #LiveTradingBox

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 GoCharting. Read more in the Terms of Use.