Resistance breakout and then retest
Torrent pherma has recently broken its long time resistance zone.
And right now it is retesting that, which might work as support this time, also it just touched at 20 EMA, which will give it a boost.
good upside potential of 2.5:1 risk reward trade.
And right now it is retesting that, which might work as support this time, also it just touched at 20 EMA, which will give it a boost.
good upside potential of 2.5:1 risk reward trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.