Holi Pick 2024: Tata Group Stock Gets Buy Call By Sumeet Bagadia of Choice Broking

At a target price of between Rs 3900 and Rs 4035, Sumeet Bagadia, Executive Director of Choice Broking, recommended buying shares of Titan Company, a Tata Group stock. With the buying level at Rs 3625, the analyst is positive on the stock and has selected it as its Holi 2024 pick.

Titan Company Share Price Target

Buy Titan at Rs 3625 and add up to Rs 3575, target: Rs 3900 - Rs 4035

TITAN is currently trading at Rs 3625 and has recently consolidated at the bottom with good volume, indicating a potential reversal and a strong bullish trend. A breakout above 3650 could propel the stock towards the Rs 3900 level, with immediate resistance at 3750. On the flip side, Rs 3360 & Rs 3400 serve as crucial support levels.

Furthermore, after a prolonged correction, the stock has reversed from the support level. The Relative Strength Index (RSI) is currently at 46, on an upward trajectory, suggesting growing buying momentum. Collectively. these technical indicators imply that TITAN has the potential to reach the Rs 3900 target in the near term.

A prudent strategy would involve considering buying opportunities on dips at levels around Rs 3575.

In summary, based on technical analysis and prevailing market conditions, TITAN appears to present a promising buying opportunity for those targeting a Rs 3900 price objective. It is crucial to implement prudent risk management strategies to navigate potential market fluctuations.

Titan Company News

The Board of Directors of Titan Company recently appointed Mr. Anil Chaudhry as an additional director designated as a Non-Executive Independent Director effective 20th March 2024. Further, the Board has approved the appointment of Mr. Anil Chaudhry as an Independent Director for a term of five (5 years) effective 20th March 2024, subject to the approval of the shareholders of the Company, as per the Regulatory requirements, as per a stock exchange filing.

In addition, Mr. Chaudhry is a non-executive non-independent director of Schneider Electric Infrastructure Ltd. and an independent director of Crompton Greaves Consumer Electricals Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.