Titan Industries is largest Jewellery & Watch manufacturer / - TopicsExpress



          

Titan Industries is largest Jewellery & Watch manufacturer / retailer in India backed by India’s largest retail network. Titan is trading well below its 40 week EMA and violated its true, 3 year+ up-trendline. In the process it has made a classic lower top lower bottom on weekly charts. 240-265 looks very stiff hurdle now. Move below 200 would signal bear market even on longer term charts. Traders are advised to short in rallies closest to 240 with stops above 265 for targets closest to 200 again. Even long term investors should try to sell atleast 50% in rallies closest to 240-250. Move below 200 can bring panic declines. Long term minimum downside targets remain at 150.
Posted on: Mon, 17 Jun 2013 03:57:38 +0000

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