Titan Company Ltd

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The share price of the company was continuously falling from past four trading days which was altered by one trading day sessions as it depicted bullish trend for the stock. The company's share is moderately volatile as the price movements happen frequently during the trading sessions and the change in prices is almost results in a rise or fall of price of the stock by Rs.8-10 which also provides an opportunity for the traders to make money if the position and strategies are well established

The following graph shows that the red cloud has ended for the stock and also the formation of green cloud can be seen with a change in the chikou span(lagging line) which is showing an upward trend for the stock. Also the candle sticks are being formed above the cloud and the last candlestick formed is bullish which resulted in a price change of Rs.27.90 for the particular trading day.

 

The company's share which was held by Morgan Stanley (NYSE:MS) France worth of Rs.125 crore was sold in the open market which will have a great impact in current day's trading sessions as this would trigger a bearish market sentiment for the investors and traders for few trading sessions which would be broken or changed within 2-3 trading days as the market would not let the price to drop below Rs.1160-1180 as the support level of the stock lies between those price.



After a few bearish trend in the market, the company's stock would rise as it reaches its support level as shown in the above graph through Bollinger bands and Moving average line. The indicators are showing an upward trend in the market for the stock but the news of Morgan Stanley selling 10 lakh shares of the company would definitely result in a bearish trend for the stock in current day's trading sessions which will be corrected by the market sentiments later.

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