Titan Industries Stock Outlook and Stock Recommendation by Santosh Meena: TradingBells
Titan's quarterly results disappointed market participants and the stock declined 10 percent after the company gave bleak outlook. However, Titan has been among best performing stocks in the recent months. Considering the value-based buying approach, Titan is a stock to include in portfolio at lower levels.
Stock recommendation and outlook on Titan by Santosh Meena: TradingBells
Titan stock fall after its Q2 results as earnings missed estimates and management cuts guidance for the Jewellery business in H2 FY20. A similar situation has occurred in the past also but at lower levels, it manages to attract investors' interest. Current fall is another buying opportunity for investors where 1160-1130 is a strong demand zone which coincides with its 200-DMA of 1143.
Upsloping trendline support comes around 1100 level and this should be stop loss for those who have a trading view in Titan while for long term investors any dip is a buying opportunity till 1000 level.