Titagarh Rail Systems Ltd – Bearish Head & Shoulders Setup
TITAGARH
Stock is showing a potential Head & Shoulders formation, with the Right Shoulder appearing complete and price facing weakness near the neckline zone. The stock is currently struggling below key resistance, while momentum remains relatively weak. A sustained breakdown below the ₹841 support zone could increase selling pressure and open the possibility of further downside.
🔎 Technical View:
• Head & Shoulders pattern visible
• Right Shoulder formation completed
• Weak momentum near the neckline
• Price facing resistance around ₹855–₹889
🔑 Key Levels:
• Resistance: ₹855–₹889
• Support: ₹841–₹827
• Major Support: ₹784–₹755
📉 Downside Targets: ₹827 → ₹784 → ₹755 → ₹712 → ₹689
📈 Trading View: A sustained move below ₹841 may trigger fresh downside momentum towards ₹784–₹755 and lower levels.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊