#TORNTPOWER 1668 TGT 15% 1940+ NSE:TORNTPOWER
Target 1940 15% upside
NSE:TORNTPOWER CPM 1668
TGT 1940+ (15%)
SL 1550
TF < 6M
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
TORNTPOWER
Torrent Power : How powerful is this stock?Info about the Stock
1. Torrent Power Q3 profit surges 86% YoY to Rs 685 crore, revenue grows 71%. Announces dividend at Rs 22 per share.
2. FNO stock.
If you are safe investor buy this stock at the Support : 496 .
Technical Analysis
A breakout occurred after a series of declines.The breakout is so much more powerful that the price opens as a gap-up.
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
Torrent power on radar for swing entry Power sector looking good, especially torrent power n power grid, will post power grid separately. In torrent power seems in last leg of selling, thus a good time to add, also a observation point daily rsi at around 23, last two times when rsi made this low , torrent power gave a good upside rally, which you can find on chart with vertical line (blue dotted) on 24feb, 13/19 may, and now on 26sep, weekly chart indicates a retest of breakout level around 470 level, it may or may not touch and start upside journey for initial target of 550, 580.
TORNTPOWERNSE:TORNTPOWER
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Long Torrent Power at CMP of 465 sl 449After a pullback stock has again give a breakout
one can buy at cmp of 465 n on dips till 455 with a sl of 449 for a tgt of 475-485
Target 2 (49%) achieved in Torrent Power. Target 3 is ON...This is follow-up on Torrent Powers. Can check link to related ideas.
Target 2 achieved. More than 49%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing 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.
Target 3 (64%) achieved in Torrent Power. Target 4 is ON...This is follow-up on Torrent Powers. Can check link to related ideas.
Target 3 achieved. More than 64%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing 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.
TORNTPOWER #Watchlist
#TORNTPOWER (D): 482.6 CMP, Looks promising for more benefits :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
TorntpowerAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
trendline breakout within the channel on TORNTPOWERtrendline breakout within the channel on TORNTPOWER
Tornt Power Range BreakoutRange Breakout
Buy Torrent Power
Closing Price - 450.6
Strict SL - 422 (DCB)
Target - 495+++
TORRENT POWER - Short/Mid Term View On Monthly candle Stock had broken major resistance zone and made new high in March.
Last month stock has taken support at the same zone (now acting as support) and risen again.
Looks good for targets of 475-500 if breaks ATH in next few days
TORNTPOWER : Perfect EntryTORNTPOWER
> Hourly Chart
> Very good Volume
> BO done
> Retest Done
> CMP 450.60. Good to enter till 444.
> Suport 423 on closing basis
> May go 478, 513
Dtd : 23rd May TheCharts
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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
Follow me to Learn and Earn with me.
Happy Trading!!
TORRENT POWER - Can make new ATH soonStock had broken the Monthly break out zone (365-375 levels) and made new ATH in March (Monthly BO chart I have mentioned in comments section - helpful if want to have a short-mid term opinion on the stock)
After that it has re-tested the BO zone and rising again.
If stock breaks Trendline in coming days then it will test ATH again and can make a new high(435-440 levels) There are 2 possible scenarios for the same as I have mentioned in the chart
P.S. To get an idea about possibility of scenario 1 and 2 watch for volume build up in coming days.
TORNTPOWER - SWINGStock has broken resistance zone respected from 2009. Weekly closing above resistance zone can bring good upside move for stock.
P.S. - Holding pattern 1-2 months
Torrentpower symmetrical breakout on weekly tfTorrentpower symmetrical breakout on weekly tf
can look for 400 and 415 positional basis
kindly motivate us by giving likes and cheers se we can bring for profitable setups
Disclaimer : Only for educational & learning purpose
TORNTPOWER showing buy signal I will buy TORNTPOWER because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 300
Target : 343/364
Stop loss : 286
