TORNTPHARM
TORNTPHARM - Ichimoku Bullish Breakout Stock Name - Torrent Pharmaceuticals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1570
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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watch for resistance breakoutbuy above 2955 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Torent pharma Technical AnalysisHello Guys , Today I Have The Technical Chart of Torrent Pharma it has just breaked the Parallel Channe a few days ago but now I think it will go Up because it has made a bullish signal after a bearish trend and now lets talk about the target . So its target could be 3262 . Just Breaked the Channel Can Retest once here . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 Day
Patterns Name :- Parallel Channel
Stock Name :- Torrent Pharma
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
Breakdown in Torrent Pharmaceuticals...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Torrent Pharma bullish above 3250Hello traders, in this week what I can see is that the pharma sector is looking quiet bullish to me and I expect it to give good good results, this might also be a push from the omicron news.
torntpharm has broken it's all time high and has given a strong closing above it and still shows signs of bullishness, it means the entry can be taken at current levels or one can also wait for a pullback near 3250 levels.
Buy above - 3250
Targets mentioned in the chart above
Note:- As the stock is trading at all time high, this is an uncharted area so the targets have been taken according to some technical tools like fib & pivot points.
I will also upload other pharma stocks in the coming week.
Simple Trade Setup | TORRENT PHARMA | 23-11-2021 [ INTRADAY]NSE:TORNTPHARM
Observations:
1) On 1day time frame, it is trading between 200DMA and 400DMA.
200DMA will be immediate resistance and 400DMA will be major support.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame we can see level 2800 is immediate resistance and 2700 level is major support.
Breakout of 2800 will give a good up move. If it takes support from 2700 then there is a chance to bounce back.
But if it gives breakdown of 2700 then it will be much bearish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Torntpharm - On Support Torntpharma: From past 6 months trading in a parallel channel - trading baove 50/100/200 ema's
Bounce back after testing 2854 low & currently taking support from lower channel, 50 & 100 EMA's.
However 2952 and 3020 will be strong resistance levels based on previous history.
Watch these levels - Incase if any correction in NIFTY and Torntpharm breaks the lower trend line in channel - can go for short.
Please spend time and do own research before investing.
TORNTPHARM: Quick target of 302515-day EMA has acted as a strong support for Torrent Pharma. Today the price has again bounced off the 15 EMA with a small hammer pattern indicating bullish bias. The 4-day SMA is steadily moving above the 9-day SMA which is again a bullish indication. I will look for a very short term target of 3025.
#LALPATHLABS CMP2968 #Target 3400 #CNXPHARMA #ModiSpeech #NiftyDaily Chart
#LALPATHLABS
NSE: LALPATHLABS
Short Term Quick Profit
CMP 2968.
Target: 3400
SL : 2836
Timeframe < 45 Days
Cand hold for longer time
RALLY COMING SOON ON THIS ONE
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
TORNTPOWER - BREAKOUT AND RETESTA STRONG STOCK TO HOLD
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!