Titan may be making a Bearish Head and shoulder pattern on yearly charts. 940 being the shoulders and 990 levels is the Head. We should wait for confirmation which a closing below 800 levels for 2 consecutive days. After confirmation targets mat be 760 740 levels and may be more.
Trade ativo
Titan didn't participate in this 200 point Nifty rally and it closed below its 200 50 DMA for 3 consecutive days. This is a strong sell and 200 50 DMA crossover may be coming in next few days which is an even more bearish sign.
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