Titan : Potential Upside After Bouncing Off Key Support Level

19 Tem

Since 2020, the stock has been moving within a rising channel, indicating a long-term uptrend. The price recently formed a double Doji at support line of channel. The immediate support level is around 3055 and initial resistance levels is 3625. If the stock price respects the channel, it could move towards the upper boundary, providing a potential upside of around 30% from the current price. In the past, the stock has gained 83% and 100% from the support trendline. The chart shows the trading volume increased around support level, which appears to be significant and confirms the price movement's strength.

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23 Tem

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