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1) negative divergence on double top with lower volume on second attempt
2) sell below 1735
3) though rupee depreciation is good for pharma stock but FII selling may lead to derating across indian market
TORNTPOW: Buy around 262.50 with SL at 258 and Target of 27.
Remember to take advice from your financial advisory before investing
TORNTPHARM could touch 1550/1675 in the coming weeks as long as it trades above 1360
All indicators are positive and weekly chart also slowly turns to bullish trend. It may reach the targets (Mentioned in the graph).
Retracement over so Buy at 220 target 230