Titan Company Ltd

NSE :TITAN   BSE :500114  Sector : Diamond, Gems and Jewellery

​Shares of Titan Company hit a record high of Rs 1,702.30, rallied 6.65% on the NSE in intra-day trade on Thursday amid the expectation of a strong recovery, due to pent up demand and market share gains.

With a sharp surge in the market price of Titan Company, its market capitalization stands close to the Rs.1.5 trillion mark. At 11:42 am, the stock was up 5.5 per cent at Rs.1,672, with a market capitalization of Rs.1.48 trillion, the NSE data shows.

What’s Ahead? Technical Outlook of TITAN

Stock of TITAN Company Limited was trading in a range 1396 to 1621, Stock consolidated in the range of 225 points for 6 months since 5th Jan 2021 and today on Thursday 3rd June 21 has seen range breakout, after a huge consolidation and accumulation. Stock’s long term trend as well as short term trend is bullish as comparative RSI signals bullishness in stock. We recommend to go long on stock on correction, Short term traders can accumulate stock on correction till 1650 with stop loss placed below 1590 level target on the upside can be calculated as range high plus range consolidation points i.e. 1621 + 225 Points that comes to be 1846. In the next few months stock can touch level of 1846.00. As stock may trade volatile so we suggest intraday traders to stay away from the stock.

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