Torrent Power โ€“ 50% Fibonacci Retest & Breakout Play!

925
๐Ÿ“Š Technical Breakdown:
๐Ÿ”น 50% Fibonacci Retracement at โ‚น1,212 โ€“ a crucial support where buyers stepped in!
๐Ÿ”น Falling trendline breakout with a massive +16.06% green candle โ€“ trend reversal confirmation?
๐Ÿ”น Volume surge suggests strong buying interest but relatively still lower than as it used to be in this stock year ago
๐Ÿ”น Blue and Red lines are nearest supply zone created by a weekly and monthly time frame


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.