Titan concluded the previous week on a downward trajectory, experiencing a decline of 6.03% in its share price. From a technical standpoint, Titan’s share price is poised to find immediate support at 2,910.65 and encounter an immediate resistance level at 3,095.65.
Should Titan’s share price close below the immediate support of 2,910.65, a notable breakdown could ensue. A more substantial support level for Titan’s share price during the week can be anticipated at 2,804.05.
Conversely, on a positive note, the share price will face an immediate resistance at 3,095.65. Should Titan’s share price successfully surpass the 3,095.65 mark upon closing, it could trigger a significant breakout. A prominent resistance threshold for Titan’s share price is likely to materialize at 3,174.05 throughout the week.
The expected trading range for Titan’s share price over the week spans from 2,725.65 on the downside to 3,280.65 on the upside.
Key Metrics from the Previous Week:
- Previous Week High: 3067.45
- Previous Week Low: 2882.45
- Previous Week Range: 185 Points
Anticipated Support and Resistance Levels for Titan’s Share Price (August 14, 2023 – August 18, 2023):
- Resistance 3: 3,280.65
- Resistance 2: 3,174.05
- Resistance 1: 3,095.65
- Support 1: 2,910.65
- Support 2: 2,804.05
- Support 3: 2,725.65
Disclaimer : Please note that the provided analysis is for informational purposes only, and investors are advised to consider consulting their financial advisors before making any trading decisions.
