Torrent power is respecting the trendline beautifully. It can reverse from here for immediate targets of 482, and above that, it can easily go back to 508. Keep strict sl below yesterday low or @465 on a closing basis.
Trade closed: stop reached
⋅
It has broken the trendline on the downside. Stoploss reached
No link with weekly divergence and 445 support going upto 453 as retracement and then trying to go down again?? power sector chart also showing almost the same momentum
jatulji12
⋅
can u update the as on status for this. I guess becos of mkt fall last few days, may be ur analysis might vary. wud be a gr8 help to hear your feedbk
safalajmera
⋅
@jatulji12 Hi please let me know your buying price and your view?
jatulji12
⋅
@safalajmera, HI, i am badly stuck in short sale and hope if it closes below last weekly low, might enter a bear trend. i am not an expert although
jatulji12
⋅
@jatulji12, i have shared this the first time and am not an expert. learning thru bad experiences. your inputs, suggestions, advice are welcome
safalajmera
⋅
@jatulji12 sorry was not able to reply during market hours. it has taken support at 445 levels. i think it can reverse from here back to 460+ levels.