Titan's Epic Move: Is Wave 3 Ready to Skyrocket?

Advance Elliott wave is the GPS of the market that helps to understand the overall maturity of the trend.

Novices think of getting at exact lows and getting out at exact highs but expert traders try to capture the best of the 3rd wave and wait like an eagle for that exact moment to catch the prey most of the time.

Titan is about to start wave 3 on the upside. See the detail analysis on Titan below:

Titan Daily chart
As we can observe, Titan have been moving in sync with our wave counts. Post completion of intermediate wave 1 of primary wave (3) on the upside in January 2024, the entire correction has been in the form of wave 2 which got completed on the downside near the channel support in form of a double complex correction pattern (w-x-y-x-z). Further follow up buying is needed to confirm about the completion of wave 2 on the downside. Post which, the rise will be in the form of wave 3 which is considered to be the strongest wave as per the guidelines.

In nutshell, Overall undertone for Titan looks positive and with follow up buying upside move to fresh record high is expected. On the downside 3390 levels is the nearest support.  

So, we can conclude by saying that when Price and Advanced Elliott wave are in sync it can lead to interesting results even in stocks.

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