Sai_Kumar

Titan looking good for an intraday trade

Short
Sai_Kumar Aggiornato   
NSE:TITAN   TITAN COMPANY LTD
titan has formed spinning tops near the rising trendline with high volumes indicating strong indecision.
It breaks down below the rising trendline, it may try to touch the lower level marked on the chart.
if it breaks out of the previous swing high, good for a buy trade but one needs to wait for confirmation of breakout as the stock is in a correction on the daily timeframe
Ordine annullato:
Did not take the trade because the breakdown candle was too big and the Risk/Reward was not favorable.

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