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DevabratAcharya
Feb 17, 2023 12:18 PM

Torrent Power : How powerful is this stock? 

TORRENT POWERNSE

Description

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.
Comments
vanathi
Just perfect. Thank you for sharing.
Regards,
Vanathi
DevabratAcharya
@vanathi, Thank you
Kapil-Mittal
👍 Thank you for sharing this insightful information about Torrent Power's Q3 profits and revenue growth. Your technical analysis and recommendation to buy the stock at the support level of 496 is appreciated. Your use of emojis is also helpful in conveying your enthusiasm about the stock's breakout and proper volume. Keep up the great work! 🚀💰
DevabratAcharya
@Kapil-Mittal, Thank you for your encouragement and support. Your kind words mean so much to me.
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