Broker Choice Broking picks Titan for Dussehra trading with target near 5085

Choice Broking Executive Director Sumeet Bagadia recommends buying Tata Group jewellery stock Titan for Dussehra 2026. The stock shows a long-term bullish structure on the weekly chart with support from an ascending trendline. Buyers are defending the uptrend after stabilization near trendline support and the 50 EMA. The RSI reads 44.95, showing moderate momentum before a possible recovery.

Trade Levels

Positional buyers can enter around 4,420 rupees with more accumulation near 4,300 rupees. Upside targets are set at 4,860 and 5,085 rupees. A crucial support level sits at 4,070 rupees to maintain the bullish trend. Titan fell 1.40 percent in the past week and 7.80 percent over the past month. However, yearly gains stand at 18.38 percent, with a 9.26 percent rise year-to-date. Longer-term figures show a 35.45 percent gain over three years and 83.47 percent over five years.

Quarterly Growth

Titan reports a 25 percent year-on-year rise in consumer businesses for the second quarter of FY27. The firm added 78 net new stores in the quarter to reach 3,758 total retail stores by September 2026. Domestic businesses grew 22 percent, while international operations jumped 97 percent. The store network includes 3,594 outlets in India across jewellery, watches, EyeCare, and emerging businesses. These Q2 figures remain provisional pending a statutory audit.

Context

Brokerage recommendations around festive occasions like Dussehra often highlight retail and jewellery brands due to expected seasonal consumer demand. Titan operates as a prominent part of the Tata Group, focusing primarily on lifestyle and accessories markets across domestic and overseas locations.