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CA Omkar Bhutada - SEBI Reg IA

7th Jul · SEBI-Registered Analyst

Titan has a higher probability of continuing higher, provided it sustains above the breakout level.

TITAN
Why I like this setup 1. Cup Pattern Breakout ✅ A rounded cup has formed over nearly 3 months, which is generally healthier than a V-shaped recovery. Price has now closed above the previous resistance around ₹4,550. The breakout candle is strong and closes near the high. 2. Moving Average Structure ⭐⭐⭐⭐⭐ Very healthy alignment: 26 EMA > 52 EMA > 225 EMA Price is above all moving averages. EMAs are sloping upward. This indicates a strong intermediate trend. 3. Resistance Converted to Support The zone around ₹4,540–4,560 was tested several times. Now price has convincingly moved above it. That becomes the first major support. 4. Momentum The breakout candle has: Good body Strong close Little upper wick This suggests buyers remained in control till the close.

#TechnicalViews#WatchOutFor#Today’sTradingSetup#StockInNews#HiddenGems
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