Titan – Elliott wave Momentum Call StrategySep 02, 2021
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Titan has shown a sharp rise and exhibited classic Impulse rise as per Elliott Wave.
We gave Titan call to our Momentum calls and research subscribers on 13th August and the stock is up by 8% since then! checkout how we identified this winner.
TITAN 1-hour Chart: (as of 13th August 2021)
Momentum stock recommendation: TITAN
Buy Price – Buy above 1835
Time Horizon –Not Applicable
Investment – 5% of capital
Target price – 1980
Partial Profit: 1908
Stop loss– 1760
*Trail stop to cost after booking partial profits to ensure capital protection*
Refer detailed research below
TITAN 1-hour Chart: (as of 02nd September 2021)
TITAN is showing strong impulsive rise. On the 1-hour chart of the stock we can see that wave(v) has started unfolding on the upside and the internal counts of this wave are corrective in nature. As shown on the chart, we can see that price is moving along the rising channel and after the completion of minor wave ii of wave (v) price has decisively moved above the ichimoku cloud.
This confirms that wave iii has started on the upside. The third wave in a motive wave can
never be the smallest hence we expect price to move at least in equality with the first wave.
TITAN can be bought above 1835 levels and we expect it to move towards 106 levels. A
stoploss must be placed below 1760 levels while It’s best to book partial profit near 1908 levels and trail stoploss to cost to ensure capital protection.
Happened: The call initiated on 13th August and as of today the stock has almost hit our target of 8% near 1980 levels.
Simply imagine one can trade only on the basis of 1 indicator which is Elliott Wave without combining it with any other tools. That is the power of Elliott wave method if one knows the correct application of the same.
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