Torrent Pharma: Symmetrical Triangle Education

TORRENT PHARMNSE

Description

⋅ May 17, 2020 12:29 PM

Stock is showing a strong momentum. It has been taking support at its 20 EMA. A formation of a Symmetrical Triangle is seen in Wave (iv) which if broken we may see a decent rally towards 2800 levels.

Wave Analysis Symmetrical Triangle

Comments

arunindy

⋅ May 19, 2020 5:51 PM

Sir - beginner here. How do you expect to reach 2800 zone. Is there a momentum from abcde and some multiplication which makes it to reach 2800? Thxs.