Technical Overview of TITAN: On 9th July 2019, Titan has opened gap down and also given closing with a big red candle on day chart (1252 to 1099, -12% in a day). There is strong support around 1080 on the daily chart and the stock has taken support from the same level. In this strong bearish market, Titan didn’t break support and started to trade in a range. If we see a weekly chart below there are also neutral candles are forming on the chart. We are expecting a bounce till 1175-80 to fill its gap. We can buy Titan at current price i.e. 1090 with a small stop-loss of 1055 on closing basis. Target is 1175-1180, the risk-reward ratio is good.
Technical Overview of INDUSINDBK: In the below chart, we can see the stock is trading near very crucial support i.e. 1350. On 16th April 2019, the stock has given confirmation of Double Top and from next day has given sharp fall till 1350. From support levels given bounce up to 1670 and made Lower High. Like this stock has started to trade in a Descending Triangle, and yesterday again took exact support from the same level. As per our view, we can buy INDUSINDBK here with the stop-loss of 1345 on a closing basis on the daily chart. The first target is 1500 and if a stock will give break out to Trend Line then it will show 1550-1600-1650.