Titan at channel resistance - Important levels !

Price after breaking the symmetric triangle pattern formed channel pattern and reached the important levels. Previous history of the stocks analysis clearly shows that price is either taking support or resistance in this levels for more number of times as shown by arrow marks.

If price rejects the channel top and reached the channel bottom it would be a best entry, but as if now we cannot expect that. So go with less number of stocks now and if breaks 1230 levels strong then add your position.

Kommentera:

So as expected price rejected from channel top. if reaches the bottom go for buy.