TORRENT POWER - Can make new ATH soon
Updated
Stock had broken the Monthly break out zone (365-375 levels) and made new ATH in March (Monthly BO chart I have mentioned in comments section - helpful if want to have a short-mid term opinion on the stock)
After that it has re-tested the BO zone and rising again.
If stock breaks Trendline in coming days then it will test ATH again and can make a new high(435-440 levels) There are 2 possible scenarios for the same as I have mentioned in the chart
P.S. To get an idea about possibility of scenario 1 and 2 watch for volume build up in coming days.
After that it has re-tested the BO zone and rising again.
If stock breaks Trendline in coming days then it will test ATH again and can make a new high(435-440 levels) There are 2 possible scenarios for the same as I have mentioned in the chart
P.S. To get an idea about possibility of scenario 1 and 2 watch for volume build up in coming days.
Trade closed: target reached
Made a high of 454, swing target completed in 1 day only :D
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