Titan is entering a period of under-performance w.r.t. Nifty.
How to read Relative Momentum Chart?
🔹Lower Momentum peaks at every Price peak
🔹Previous peak barely above zero level
Not a Shorting recommendation as Titan will rally if Nifty rallies, but the rally might be much lesser.
Interesting case study. Will re-visit after a few weeks. Not a Reco!