Buy Torntpharma on a dip with a SL of 1772 and targets of 1817/1835. Do not take a trade if it opens above 1810.
Adjust trading volumes as per entry price.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or...
Based on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 19-Sep-2018 for TORNTPHARM
Sell Below(5Min candle close): 1730.9 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you...
TORNTPHAI Torrent Pharma consequently gained 3% on NSE today with 4 times its average volumes, although NIFTY itself lost 40 Points today.
Considering the greater volumes on the counter with prices above Ichimoku KUMO, TORRENT pharma is a great buy around 1448 with Stop-loss of 1430 and Target of 1548. NSE:TORNTPHARM
TORANTPHARM price action has given a breakout from accumulation zone 1325/1350, after bullish confirmation from breakout zone, it can retest its resistance 1571 by keeping stop loss below 1272.
1. MACD is positive
2. volume picking up
3. RSI supportive.
TORNTPHARM is moving in a channel/fallingwedge for over a week.
Probably a trend continuation pattern, giving a good upside move after a breakout,
The wedge Can break out in any direction, but upward break seems more logical
The stock seems to reversing its prevailing downtrend. It has crossed the last resistance decisively which would work as support in future. Now we have good structured Stop loss for our long trade. Today's bar formed a 3L-R bullish Bar so one can buy the stock for a target of above 1550.