Positional Short on Torrent Pharma-Timeframe March 2023

Feb 19, 2023

TORNTPHARMCMP 1489, Target 1350, Time frame march 2023. Expecting the Torrent pharma to trade at the levels of 500 by march 2023. Based on the continuous downtrend for the last 3 consecutive months , and expecting to touch the lower end of the Bollinger band . Expecting the target to hit within next 1month . One can trade sell futures at CMP or buy put options in Torrentpharma with the target given . The view is mine . It’s not a buy : sell recommendation.

Feb 28, 2023

Trade active

40 points down from my recommended levels .Expecting to hit the target 1350 by end of march . Book profits or trail the stoploss .

Mar 31, 2023

Trade closed: stop reached

cmp when posted it was 1489, day of expiry 1530 , Target not reached ,40 point loss per lot , 500 lot size *40=20,000 loss booked per lot