Pritesh Mehta of IIFL told CNBC-TV18, "Titan Industries has given a classic ascending triangle breakout on the daily chart above the levels of Rs 245. Normally these kind of patterns are seen during an up trending phase. If one looks at the daily chart of the counter it is continuously making higher lows since September 2013."
"It shows that there is strength in the current up move. Also this current rally has been bagged by impressive delivery based buying. So, I would be a willing buyer in this counter," he said. Disclosure: Analyst might has recommended this stock to his clients but no personal holdings.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
