Torrent Pharma Bearish PennantTorrentpharma has is showing bearish signs and weakness on upside, if not going short.. then atleast dont go long in torrent pharma
Torrent
buy at current levelsAll moving averages converging.
closing is above trendline.
SL is reasonable.
target and SL as mentioned.
BUY TORRENT PHARMA @ 3280 - 3250Torrent Pharma has given the broken the previous high and looking good to test upper marked levels on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BTT Bit Torrent Price PredictionBTT Bit Torrent Price Prediction and Technical Analysis.
Currently BTT trading at very low price and RSI is extremely low i.e below 30
Simple Trade Setup | TORRENT PHARMA | 23-11-2021 [ INTRADAY]NSE:TORNTPHARM
Observations:
1) On 1day time frame, it is trading between 200DMA and 400DMA.
200DMA will be immediate resistance and 400DMA will be major support.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame we can see level 2800 is immediate resistance and 2700 level is major support.
Breakout of 2800 will give a good up move. If it takes support from 2700 then there is a chance to bounce back.
But if it gives breakdown of 2700 then it will be much bearish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Torrent Power LtdTorrent power is trading inside channel for last 47 trading days. Wait for the breakout for long position.
Torrent PharmaceuticalsCup and handle formation in process
Trendline being broken
If breaks 2894, initiate long
Hold for 15% returns
Strong support at 2690 levels
Torrent PowerOn trendline breakout, go long
Currently at strong support levels
RSI at 50 levels
Targets - 443, 456, 465, 478
Torrent PowerBeautiful structure
Higher lows possible
its a clear buy on dips
SL 295 levels
Targets ATH
Buy price only if it retraces to 370/350 levels
TORRENT POWERTORRENT POWER IS IN TRIANGULAR PATTERN.
CAN BUY ABOVE-322.15
SL-318.20
TARGET-335.60
INTRADAY
possibility in Torrent PharmaLevels are mentioned on chart. For educational purpose only. Not a trading advice.
TORRENT PHARMA is holding at the Key Support (BEARISH)Hi , i have added all the key supports in the chart . Feel free to ask any doubts if you have.
TORRENT PHARMA Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
TORNTPOWER: Buy at 253 SL 245 Target 269TORNTPOWER is a buy on NSE (Cash Market ONLY -- NO FNO)
Buy at 253
Stop-loss 245
Target 269
Consult your financial adviser before Investing
Torrent Pharma1) 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 @ 262.50, SL @ 258, TGT: 279TORNTPOW: Buy around 262.50 with SL at 258 and Target of 27.
Remember to take advice from your financial advisory before investing
TORRENT PHARMA weekly bullish setupTORNTPHARM could touch 1550/1675 in the coming weeks as long as it trades above 1360
Torrent pharma short term and mid term viewAll indicators are positive and weekly chart also slowly turns to bullish trend. It may reach the targets (Mentioned in the graph).
Cmp@1365
Stoploss:1260(closing basis)
Vijayaraghavan,
Kovilpatti.
