torrent pharma long tgt 2100-2176 06-11-2023

Torrent Pharam is an interesting chart with following factors

1. Ascending Triangle Breakout on Daily Chart
2. Narrowing Bollinger Bands and Price moving on upper Band
3. 20 Week SMA support at 1918-1920 zone
4. Narrowing Bollinger Bands on weekly charts
5. Daily / Weekly / Monthly all RSI above 60
6. Daily Super trend signal changed to Buy

Good Risk reward with minor resistance at 2099- 2176 levels

Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.


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