This is follow-up on Torrent Powers. Can check link to related ideas.
Target 2 achieved. More than 49%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Torrent power has given breakout from parallel channel in daily time frame, along with good intensity of volume, also challenging upper bollinger band in daily time frame, it suggests to go long with stop loss of 498. one can go long at these levels or in dips (if any ), all the key levels are mentioned in chart along with stoploss and targets.
As One can see on the chart if Torrent Power Share cross and sustain above 510 then after this break out we might see 700 +/- in coming days.
As this is long term positional view of torrent power share here stop loss also quite big 436 closing basis.
******whatever charts or...
Torrent power is respecting the trendline beautifully. It can reverse from here for immediate targets of 482, and above that, it can easily go back to 508. Keep strict sl below yesterday low or @465 on a closing basis.
This is an extension to the analysis posted before.
The stock has already given a 1:3 RR.
The power sector is seeing huge inflows and that is expected to continue.
Torrent power saw extra-ordinary buying volumes with low volume pullbacks.
Time horizon : short term-medium term.
Torrent Power saw huge buying volumes after posting great results post-consolidation.
It has given a breakout of the wedge-channel pattern on the hourly chart.
The retest is done with extremely low volumes and it is currently at the support zone.
Can go long for short-term.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
1) TE-REKAB - Proprietary Indicator
Blue Candle: Selling Divergence
Torrent power is ready to cross trend-line. Best scenario will be opening near the consolidation phase and then goes higher and crosses the trend line. Buy it above trendline cross with swing candle low stop loss. Targets are are green horizontal lines.
This is follow-up on Torrent Power. Can check link to related ideas.
Target 1 achieved. More than 11%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Torrentpower symmetrical breakout on weekly tf
can look for 400 and 415 positional basis
kindly motivate us by giving likes and cheers se we can bring for profitable setups
Disclaimer : Only for educational & learning purpose