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Novicetrader2015
May 9, 2021 8:26 AM

TORRENT POWER - Can make new ATH soon Long

TORRENT POWERNSE

Description

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.

Trade closed: target reached

Made a high of 454, swing target completed in 1 day only :D
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