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....
Buy long above 2900 first target 2960 then 3000 can see lift time high of the stock. SL 2870. Stock is trading at support level & expected to touch the lift time high. Entry can be taken after the BO of TL. This is for your educational purpose only.
CASE 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...
as we can see bullish gartley has been completed on lower two yellow lines now for bullish crab pattern to kick in let good candle
close above these lines for long target of upper yellow line
good luck
Note:
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...
![TORNTPHARM: Simple Trade Setup | TORRENT PHARMA | 23-11-2021 [ INTRADAY]](https://s3.tradingview.com/3/39bv94hv_mid.png "Simple Trade Setup | TORRENT PHARMA | 23-11-2021 [ INTRADAY]")
