Titan Industries can touch Rs 260: Panda

Jitendra Panda, Capital First Securities is of the view that Titan Industries can touch Rs 260.

Panda told CNBC-TV18, “For quite some time Titan Industries has been languishing and has given the breakout. The way it is closing up, if it closes above Rs 250, technically also it gives a breakout along with the long positions getting created.”
He further added, “We believe that with Rs 242 stop loss, Rs 265 is the next target market would certainly see for Titan Industries. With good consolidation happening at lower levels earlier also and taking good support, we believe Rs 260 is where we should target for Titan Industries.”