Titan Industries ltd.
Symbol: TITAN
Suggestion: Buy; SL @ Rs. 850
Open 865.00
High 891.40
Low 846.00
Last Price 856.05
Fig. 1: Price movement - Titan
Figure 1 shows how the stock price of Titan has been moving daily. It also shows the 3 SMA lines – 4, 9 and 18 day. The 18-day SMA line has recently crossed the 9-day SMA line and is now moving below it. This was the signal that was being awaited, because the 4-day SMA was anyways above all SMA lines and therefore this move marks the starting of the Bullish phase. But looking at the 9-day SMA line, it seems...


