Get started

Torrentpharmaceuticals

Positional Short on Torrent Pharma-Timeframe March 2023NSE:TORNTPHARM CMP 1489, Target 1350, Time frame march 2023. Expecting the Torrent pharma to trade at the levels of 500 by march 2023. Based on the continuous downtrend for the last 3 consecutive months , and expecting to touch the lower end of the Bollinger band . Expecting the target to hit within next 1month . One can trade sell futures at CMP or buy put options in Torrentpharma with the target given . The view is mine . It’s not a buy : sell recommendation.
NSE:TORNTPHARMShort
by rudraprasad389
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. ------------------------------------- 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.
NSE:TORNTPHARM
by Trading_hawk
1