In the previous session, the Nifty index bounced back after 5 days of fall. The Nifty index opened on a positive note but soon slipped into negative territory. A strong recovery was seen in the second half of the market. On the technical note, the index formed a bullish Doji candle on the chart and closed with a net gain of 119 points. Traders should be focused on Sector and stock specific strategy for the next trading day.
Look at the below research report of ‘Stocks to Buy for Tuesday, April 25,2023′ before the market opens.
Titan Company Ltd
The pattern analysis shows that the TITAN has once again attempted to resume its up move and closed above the 20 EMA support with positive momentum. Currently stock is trading in the form of Impulse wave pattern. As per theory, there is a clear impulse rise as shown on the daily chart and the stock is currently moving in the form of wave 3. Also, we can see that the price has formed a ‘Bullish Pennant Pattern’. It is a continuation chart pattern, in which we can see that upward price action.
In short, TITAN looks to be positive for the short-term view. One can initiate a buy near current price for an upside target of 2685.This outlook remains valid as long as 2545 is protected on downside.
Check More Analysis on TITAN at: Titan Company Ltd