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MohitKakkad
May 19, 2020 5:13 PM

TORRENT PHARMA LONG TRADE Long

TORRENT PHARMNSE

Description

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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