Titan

Titan Ltd : Jewellery vertical saw domestic operations grow about 18% YoY, aided by good traction during Akshaya Tritiya. However, a sharp rise in gold prices dented consumer sentiment, leading to flat buyer growth in both Tanishq and CaratLane. In this high-price environment, consumers preferred lightweight and lower caratage jewellery, with plain gold growing in mid-teens and the studded segment in early double digits. As per the chart pattern stock is taking resistance near 3800.