TORRENT PHARMA: VERGE OF BREAKOUT
Updated
*NIFTY PHARMA SECTOR IS consolidating in range in the upper price level. the index is also trading above all important moving average. index is awaiting big breakout.
* it spent lots of time in this range, so we can see long bullish momentum after the breakout.
*TORRENT PHARMA is forming Darvas box above 20/50/100 EMA.
*Wait for closing above 1460, It may move up to 1550 In Short Duration.
*Strictly Follow the STOPLOSS Below The DARVAS BOX.
RSI also Shows STRENGTH.
THE only concern in the market is the result of Lok sabha election.
DISCLAIMER: i am not a SEBI registered. i am not responsible for your profit and losses. this idea is only for educational purposes.
* it spent lots of time in this range, so we can see long bullish momentum after the breakout.
*TORRENT PHARMA is forming Darvas box above 20/50/100 EMA.
*Wait for closing above 1460, It may move up to 1550 In Short Duration.
*Strictly Follow the STOPLOSS Below The DARVAS BOX.
RSI also Shows STRENGTH.
THE only concern in the market is the result of Lok sabha election.
DISCLAIMER: i am not a SEBI registered. i am not responsible for your profit and losses. this idea is only for educational purposes.
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wrongly published this idea.it is torrent power rather than torrent pharma.
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