TORNTPAHRM has been moving in a slow rising channel for 6 months now. Cirrently on the edge awaiting a breakout or reversal.
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.