Business News›Markets›Stocks›News›Stock Radar: 21% rally in 3 months! Chart suggests rally not over yet for this Sensex stock. Should you buy?
Stock Radar: 21% rally in 3 months! Chart suggests rally not over yet for this Sensex stock. Should you buy?
Synopsis
The stock reached a new record high of Rs 3,067 on June 30. Analysts suggest that short-term traders should consider buying the stock on minor dips, with a possible target of Rs 3,100 in 2-3 weeks. The stock's positive performance is supported by trading well above crucial moving averages and bullish indicators such as the MACD.
Titan Company, a prominent stock of the S&P BSE Sensex index, rallied over 20% in the last 3 months and the chart patterns suggest that the rally may not be over yet.The stock rose from Rs 2,514 on March 31 to Rs 3,047 recorded on June 30, which translates into an upside of over 21% in the last 3 months.The recent momentum pushed the stock to a fresh record high of Rs 3,067 on June 30. Short-term traders can look to buy the stock on marginal
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