💎 Titan Company Ltd – Multi-Year Consolidation Near Resistance

📊 Technical Structure (Weekly Chart) Pattern: Titan has been moving in a broad rectangular consolidation zone between ₹3,200–₹3,850 for nearly two years. This prolonged range represents a re-accumulation phase following a sharp uptrend in 2023. Elliott Wave View: The consolidation appears to be a Wave 4 structure, setting up for a potential Wave 5 breakout once ₹3,850 is breached. MACD: Currently showing a mild bullish crossover on the weekly timeframe, hinting at renewed momentum. AVWAP: The anchored VWAP from the prior all-time high is acting as a dynamic resistance near ₹3,850, which coincides with the range top — making it a crucial breakout level. 🧭 Key Levels Resistance Zone: ₹3,820–₹3,860 Support Zone: ₹3,200–₹3,250 Breakout Target 1: ₹4,200 Breakout Target 2: ₹4,550 Invalidation: Close below ₹3,150 💡 Fundamental Snapshot Titan remains a fundamentally robust company with: ROCE > 25% and consistent revenue growth. Expanding market share in the jewellery and wearables segment. Low debt-to-equity ratio and strong brand moat. 🎯 View A weekly close above ₹3,850 will likely confirm the start of a fresh impulsive rally (Wave 5). Positional investors can accumulate near ₹3,400–₹3,500 with a stop below ₹3,150 and potential upside of 20–25% in the medium term.