DevabratAcharya

Torrent Power : How powerful is this stock?

DevabratAcharya Updated   
NSE:TORNTPOWER   TORRENT POWER
Info about the Stock
1. Torrent Power Q3 profit surges 86% YoY to Rs 685 crore, revenue grows 71%. Announces dividend at Rs 22 per share.
2. FNO stock.

If you are safe investor buy this stock at the Support : 496 .

Technical Analysis

A breakout occurred after a series of declines.The breakout is so much more powerful that the price opens as a gap-up.
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
Trade closed: target reached:
The target has been reached.
You can hold it further or close it according to your wish.

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.