{"id":3274,"date":"2013-08-07T11:05:43","date_gmt":"2013-08-07T05:35:43","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=3274"},"modified":"2019-06-06T19:49:05","modified_gmt":"2019-06-06T14:19:05","slug":"titan-industries-time-to-take-profits","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/titan-industries-time-to-take-profits\/3274","title":{"rendered":"Titan Industries: Time To Take Profits"},"content":{"rendered":"<p style=\"text-align: justify;\">Titan Industries has been one of the out-performers in the past few weeks. In a <a href=\"https:\/\/www.fundsindia.com\/blog\/uncategorized\/titan-industries-action-reaction-at-play\/2775\">prior post<\/a>, when the stock cracked sharply,\u00a0\u00a0we observed that fall could get arrested at Rs.190-192 levels and a rally could ensue. This played out and Titan Industries is now at an area of resistance. Have a look at the price action in the last couple of days, highlighted in the daily chart featured below.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/08\/Titan.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-3275\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/08\/Titan.png\" alt=\"Titan\" width=\"1340\" height=\"588\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/08\/Titan.png 1340w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/08\/Titan-300x131.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/08\/Titan-1024x449.png 1024w\" sizes=\"(max-width: 1340px) 100vw, 1340px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The price met its minimum objective of the middle green line and the stock reversed sharply yesterday. Notice how the shifted frequency of the blue down-sloping fork also acted as a trend barrier.<\/p>\n<p style=\"text-align: justify;\">We now expect Titan to slide to Rs.210-220 range which is the middle red line of the downsloping fork. This is a minimum expectation and we would not be surprised if the stock eventually slides to sub-Rs.200 levels.<\/p>\n<p style=\"text-align: justify;\">The bearish view would be under threat if Titan Industries moves above the recent high of Rs.289. For traders, stop loss for short positions may be placed at Rs.295, for an initial target of Rs.215.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Titan Industries has been one of the out-performers in the past few weeks. In a prior post, when the stock cracked sharply,\u00a0\u00a0we observed that fall could get arrested at Rs.190-192 levels and a rally could ensue. This played out and Titan Industries is now at an area of resistance. Have a look at the price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Titan Industries: Time To Take Profits<\/title>\n<meta name=\"description\" content=\"Titan Industries has reversed off the key resistance levels a few days ago. 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