Titan
It seems Titan is doing a Zig -Zag correction from Elliot Wave prespective.
A zig-zag correction has 3 waves - Wave A has 5 legs , B is a counter-bounce and genrally has 3 legs and C goes back to the trend of A and has 5 legs.
The following picture gives the clear idea.
We can see similar pattern on Titan weekly chart . It corrected in 5 legs in wave A, now counter-trend bounce in B wave ( it should go back to wave iv low of A near 2305) or it can do 61.8 % Fibo retracment ( near 2400) .
If it fails to cross/close and sustain above these two levels , it can correct in Wave C in 5 legs.
Generally Wave C happens to be equal to Wave A (sometimes Wave C can turncate also i.e. it does not meet its targets ) . Now how low Wave C will go , it would depend how far it bounce back in Wave B.
Keep in consideration that this is a weekly chart. Weekly chart set-up take weeks and months to give results.
For faster results, one can focus on smaller time-frames for similar set-ups - hourly/daily - but short time - frames have slightly lower success rate and lower- the time-frame, lower the potential of up/downside movements.
Disclaimer : This chart is for study and trailing purpose and to create awareness on how EW theory works and how a practitioner workson probabilistic set-ups. This is an example of how EW practitioners select their probable shorting candidates ( not on gut feeling, like market is going down, let me short something 
) .In this example, an EW practitioner would wait for end of B wave , confirmation C wave to start, to enter into a short-position
Long term technical based investing (/shorting) is also like fundamental investing, one takes a bet on certain set of assumptions , few work and few don’t . But if your 50% bets work ,still you can make decent gains ( on the conditions that you cut your losers fast enough)
