TORRENT POWER: Forming bullish pattern and ready for upmove

Torrent Power Limited is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh. Stock is forming bullish pattern and coming out of range.Will buy at some retracement around 193-189......keeping stoploss at 180 & hoping to achieve the minimum target of 230.Stock nature is to go higher for one day & then consolidate a bit.So hoping to get the target in 15-20 days time.

P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.



Wish you all a very happy and profitable trading. Thanks !!!!

Comment:

Stock stared up move.Crossed important level of 200.

Comment:

Its good time to book profit.As seems market would be range bound between 8830 to 8720.Breaking of 8716 may create more panic.