MohitKakkad

TORRENT PHARMA LONG TRADE

Long
MohitKakkad Updated   
NSE:TORNTPHARM   TORRENT PHARM
Buy at current level around 2500
Target around 2760 supported by Fibonacci extension
Horizontal lines indicate buying price and targets
Risk management as per your risk appetite (I consider 5%)

Basis
1. Trending up as per SMA crossover
2. Monthly and weekly RSI above 60
3. Decent volumes
4. Volatility is high

Simple trade analysis

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Trade active:
On the way towards target
Trade closed: target reached:
First target reached. Trade closed
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