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Torrentpharma

TORRENT PHARMACASE 1: On the weekly charts of torrent pharma, it is seen that CMP is at a very crucial level (the purple zone). This zone is a good resistance zone. Also, if you look closely, CMP is also trading at an important Fibonacci Level. This too shows that price may come down from this point or may obey the purple zone and may fall after touching the upper range of the purple zone! CASE 2: Looking at the other possibilities, the stock may break from the Fibonacci level and also from the upper range of the purple zone (maybe in next couple of days). This will be a sign of extreme bullishness and one may look for buying opportunities here. There MAY be a retracement till the point of 2890-2908. Now, if case 1 happens, a downfall till the level of 2800 is expected, and if case 2 happens an upside till the level of 3278-3280 (obeying the white path shown). I would recommend taking decision on the basis of 'Case' we see next week. FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!! THANKS
NSE:TORNTPHARM
by Keshav2329
torrent pharmaNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:TORNTPHARMLong
by SENSITRADE_T