REND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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Wait for entry setup, if available then Long/short.
R:R is 12-15 times.
Torrent power have given a breakout supported by good volume, onceit crosses above the shaded area in grey i expect it to test 305 levels in coming weeks.
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Torrent Power, NSE has been in an uptrend for more than 3 years.
Following this uptrend, the stock has been consolidating for more than a year in the form of a pennant.
The Pennant now appears to be broken significantly!
Its certainly worth checking for the right entry point and then enjoy this LONG ride!
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Buy above 258 with stop loss below 252 for target of 265-270.Torrent Power has been trading in a broader range of 210-280 from last 1 year. This range has further got narrowed 230 270. Today's volume were good but it couldn't mange to close above resistance line. RSI is also in comfortable position.
Buy Torrent power around 239-241 with a S.L of 234.8 and Target of 247. Adjust your volumes according to the price at which you enter. Do not take a trade if it opens above 247.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not...
The stock has been consolidating in a range of Rs 241-210 from March 2017 till date and seen constructing a higher troughs & lower peaks forming a pattern “Symmetrical triangle” (red converging lines), which is considered to be indecisive in nature.
The said pattern generally regarded as a period of consolidation before the price moves beyond one of the...