premanandh

at crucial levels can hope for break out , buy or go for long

Long
premanandh Updated   
NSE:TORNTPHARM   TORRENT PHARM
torrent pharma is at crucial level currently the market is in major resisitance levels which is in confluence with upper band of channel line i have already posted before one month that market will fall from these levels 1419, it came down to little extent.but after one month of fall yesterday a single long green candle with with good volume covered the entire downfall of one month. if today also the candle breaks the major support level 1419 levels we can assume a break out on upside and uptrend may start
Comment: couldnt break the upper channel line the market has reversed
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