Looks weak, Rising wedge, short below 2810 It was oversold and lost volumes when compared to last 4 sessions
Hi , i have added all the key supports in the chart . Feel free to ask any doubts if you have.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Its comfortably taking support on Monthly Support zone, can go positional long as shown in charts, Target 2700
Keep Pharma stock on watch list.. coming out of consolidation after 5 years.
Classic case of previous resistance turning into support CMP 2360 Buy with a stop at 2255 for a target of Rs. 2650
There 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.
Buy 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...
On 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...
NSE: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,
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Sell below 1400 SL- 1430 T- 1360
Torrent Pharma Immediate Sell on 2530/- , Rejection from resistance is matter of time
TORRENTPHARMA looks good to test highs after retracing and breakout from the flag pattern. Can go long with SL 2200 and target 2680.