Buy Tornt pharma above 2505 Target price of 2905 with SL of 2280. Good risk to reward trade. Stock in bullish mode. As this is very volatile stock so advised to shift SL timely. This is for your educational ideas.
I will buy TORNTPHARM because :
It has been taking support at the trend line .
It us also forming a rectangle pattern
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 2428
Target : 2908/3012
Stop loss : 2276
We have two possibilities for tomorrow:
Buy if sustains above 2660 for the targets of 2685 and 2700 until 2630 is intact on the downside.
If opens lower tomorrow, Buy near 2600 for the targets of 2630, 2660, and 2685 until 2570 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
TORNTPHARM is making an awesome back-to-back two bullish flags within the rising channel. Gave a nice fake breakout to get more hold of volume. Beautiful setup
I hope you will benefit from this knowledge
ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
PRICE HAS BEEN MAKING LOWER LOWERS; HIGHER TIME-FRAME FORMED A PARALLEL CHANNEL,
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
- PB : PULLBACK
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