TORRENT POWER : RANGE TRADE
Updated
Buy above 258 with stop loss below 252 for target of 265-270.Torrent Power has been trading in a broader range of 210-280 from last 1 year. This range has further got narrowed 230 270. Today's volume were good but it couldn't mange to close above resistance line. RSI is also in comfortable position.
Note
Call didn't initiate. wait for cross over of 258 to initiate buy
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