NSE: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.
Trade active
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40 points down from my recommended levels .Expecting to hit the target 1350 by end of march . Book profits or trail the stoploss .
Trade closed: stop reached
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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