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Shares of jeweller and watch manufacturer Titan Company Ltd gained as much as 2.53 per cent to a record high of Rs 1,113.8.
The stock has broken above a resistance at Rs 1084.1, the 50 per cent Fibonacci projection level of the uptrend from its November 21, 2016 low to April 18, 2018 high (wave 1).
This breakout suggests that in the near term, the stock may rise up to the next resistance at Rs 1,167.1, the 61.8 per cent projection level.
The trend intensity (TI) indicator rises to 26, suggests prices are trending upwards, MACD is positive and above its signal line The stock was up 16.7 per cent this year as of last close, outperforming the broader NSE index's 4.4 per cent gains in the same period.
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