In the previous session, the Nifty index opened a gap up but soon slipped into a negative territory. Post that the Nifty index gradually recovered all its losses. At the end of the session, the index saw again selling pressure. The price action will remain volatile; hence a stock specific approach is advisable for the next trading day.

 Look at the below research report of ‘Stocks to Buy for Wednesday, November 09, 2022’ before the market opens.

Titan Company Ltd.

TITAN stock prices are moving in the form of ‘Ascending Triangle Pattern’ in an ongoing trend. The ascending triangle is a bullish continuation pattern and consists of a rising lower trend line and a flat upper trend line which acts as resistance. The higher lows formation shows that the buying pressure has increased. In the previous session, stock retested the same level with positive momentum but didn’t close above the break out. A move above 2791 will indicate the fresh buying in the stock.

In addition, the Relative Strength Index (RSI) on the daily chart is 59 which indicates bullishness. In short, the trend for TITAN looks to be positive now. One can initiate a buy above 2791 for an upside target of 2894. This outlook remains valid as long as 2662 is protected on downside.

Check More Analysis on TITAN at: Titan Company Ltd