TORRENT PHARM - NR9 PATTERN

TORRENT PHARM #TORNTPHARM

- MOVING IN A NARROW RANGE
- FORMED NR9 PATTERN

INDICATORS:
RSI IS AT 40-LEVEL AND IS BEARISH
TT2 DAILY TREND IS BEARISH
CVD IS NEGATIVE

CONCLUSION:
AS PER NR9 RULES
1. BUY ABOVE 2375
SL 2338.80
TGTS 2462/2548

2. SELL BELOW 2338.30
SL 2375
TGT 2287/2235/2164

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!

***in case of GAP opening, the given levels become invalid.

***this is my personal view. Please take advice from your financial advisor before investing.