Torrentpharma
TORRENT PHARMAIm not an expert im just sharing my views on TORRENT PHARMA for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Tornt PharmaLooks weak, Rising wedge, short below 2810
It was oversold and lost volumes when compared to last 4 sessions
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.
Torrent Pharma Positional Long Setup Its comfortably taking support on Monthly Support zone, can go positional long as shown in charts, Target 2700
CNX Pharma - Bull Run to startKeep Pharma stock on watch list.. coming out of consolidation after 5 years.
Torrent PharmaClassic case of previous resistance turning into support
CMP 2360
Buy with a stop at 2255 for a target of Rs. 2650
Torrent Pharma: Importance of the lines and ZonesThere is a High Probability that Torrent Pharma will brake its trendline and Trade above its breakout level.
Please find the demand and supply zones for the target and stop loss.
Importance of the lines.
TORRENT PHARMA LONG TRADEBuy at current level around 2500
Target around 2760 supported by Fibonacci extension
Horizontal lines indicate buying price and targets
Risk management as per your risk appetite (I consider 5%)
Basis
1. Trending up as per SMA crossover
2. Monthly and weekly RSI above 60
3. Decent volumes
4. Volatility is high
Simple trade analysis
Do like, share and comment to shower your appreciation
Torrent Pharma continuation trendOn daily time frame, stock is showing really good long setup with a Symmetrical triangle which is indicative of continuation of bullish trend
Since , Nifty Pharma is taking on a ride and pharma stocks are hitting through the roof.This will be a good long bet in the bearish Market.
Initiate a long trade as soon as it breaks the last high of 2525 with a stop loss of 2440.
Volatility is expected since the markets are very choppy and there is a lot of noise.
These are solely my views. Trade wisely
Breakout in Torrent PharmaNSE:TORNTPHARM
It was moving in a wedge pattern for some days,
Today it faced huge resistance but it has already given Breakout in OBV with Rising Volume,
TORRENT PHARMA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
