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Friday, September 17, 1999

Titan Industries appears to be attractive 

Deepak Singh Tanwar  
Titan Industries has shown an extremely bullish close, and seems to be ready for a big rally. The stock has been forming higher bottoms. The first bottom was formed at Rs 83, while the second bottom was formed at Rs 85. The latest bottom has been established at Rs 91.

The position of oscillators have also improved drastically. The volume chart has also showing a steady improvement. Overall, the outlook appears positive.One can take a long position at the current level. For long positions, the stop loss should be used at Rs 98. On the upper side, the stock is likely to face a minor resistance at Rs 116. Above this level, the rally is likely to accelerate.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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