Titan may be making a Bearish Head and shoulder pattern on yearly charts. 940 being the shoulders and 990 levels is the Head. We should wait for confirmation which a closing below 800 levels for 2 consecutive days. After confirmation targets mat be 760 740 levels and may be more.
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Titan didn't participate in this 200 point Nifty rally and it closed below its 200 50 DMA for 3 consecutive days. This is a strong sell and 200 50 DMA crossover may be coming in next few days which is an even more bearish sign.