BUY TITAN ABOVE 671 TGT 680/700 SL 650
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Primary trend of the TITAN is bullish and after giving breakout of its range-bound movement, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 671; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 69, one may expect the targets of 680/700 in the stock if it manages to sustain above the immediate support level of 650.
RESULT ON 03 NOV 2017: Jewellery-to-watch maker Titan Company has reported robust performance for the quarter ended September 2017 as consolidated profit showed a whopping 67.4 percent growth, driven by jewelry business. Its profit for the quarter increased to Rs 278 crore, from Rs 166 crore in corresponding quarter last fiscal.
DAILY CHART FOR TITAN
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