|Buy Range||1206 – 1236|
|Target||1325 – 1365|
|Duration||15 – 20 Trading Sessions|
|Potential Return^||8 – 11%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|1230.3||BUY||1206 – 1236||1325 – 1365||1150||15 – 20 Trading Sessions||8 – 11%|
# CMP on Oct 09, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 1278.
^ The returns are calculated based on CMP#
Titan company, established as a joint venture between Tata Group and Tamil Nadu industrial corporation in 1984, engaged in offering Watches, Jewellery, Eyewear and other accessories in India and internationally under the brand Fastrack, Tanishq, Titan eye +, Xylys, Sonata and distributed through retail chain World of Titan, Helios and Fastrack stores. In Q1FY20 the company’s net income was improved by 15.73% to Rs.5151.09 crore.
|Sectoral Index||Nifty 500|
TECHNICAL OBSERVATIONS (WEEKLY)
- The weekly low 1177 also correspond with existing support line which is up since 2017 and was tested multiple times, thereby making it strong support.
- Overall trend and the broader pattern are Bullish and the recent reactive throwback may provide a good opportunity to go long.