Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 7th Jul
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.