The daily chart of TITAN indicates a potential downward move, supported by candlestick psychology and key technical levels.
🔻 Key Observations:
Bearish Candlestick Pattern:
Recent candles suggest selling pressure, pointing toward a likely price drop. Resistance Level at ₹3,456.80:
The price failed to break above this critical level, triggering a bearish reaction. Support Zone at ₹3,346.35:
The stock appears to be heading toward this level, a major support area to watch. 50-Day Moving Average:
The stock is trading below this line, adding to the bearish sentiment. 💡 What to Expect:
Short-Term Target: ₹3,360.00 - ₹3,346.35 Bearish Confirmation: Sustained movement below ₹3,440 strengthens the downside case. ⚠️ Risk Management:
Tight stop-loss above ₹3,460 ensures controlled exposure. 📊 Trade Insight: TITAN is showing signs of weakness—keep an eye on the support levels for potential opportunities to capitalize on the bearish momentum!