Introduction:
Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 21500 Crore Torrent Group – committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India...
NSE:TORNTPOWER stock formed like a symmetrical triangle pattern. buy entry is break and sustain above the 675 level.
Target 1 740 to 745 .
Target 2 785 to 790 .
Target 3 845 to 850 .
stop loss break and close below the pattern.
Long Torent-power after the BO of resistance area above 642 for the target price of 722 with the SL of 615. On the daily chart, the stock has been forming the W pattern & taking the support of the 50 EMA level. This is for your educational purpose only.
Long after the break out only. High probability that this time stock is going for a lifetime high. It seems the long consolidation period is going to end soon. Keep the stock on your watchlist. This is for your educational purpose only.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Channel, Breakout and retest.
📌 Symbol/Asset: Torrent Power
🔍 Description:
Moment Stock with breakout and retest
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
The stock hit a fresh 52-week high of 610 on 22nd Aug 2022, but failed to hold on to the momentum, falling about 29%.
It then took support at the lower trendline of the wedge pattern , gave a confirmed breakout from resistance trendline on 2nd March 2023, thereby bounced back from a 52W low of 430.85 to an intraday high of 550 on 17th Jan 2023, rising nearly...
Torrentpower sell below 474 add more 493 closing sl 515 tg 439-395
then will buy with butterfly @ 395 add more 372 closing sl 367 tg 439-474 -515++
ab=cd, and butterfly formation
we doing trade for d point after crossing b point coz already triangle breakdown and bearish bat pattern@ top and trading below 200 ema
Classic example like shown in Anna Coulling Volume Price Analysis
How price completes its trend
1. Buying Climax after a brief uptrend
2. Goes into Range
3. Distribution Phase
4. Creation of New Shorts
5. Start of Downtrend
6. Profit booking Visible Stock slows down post that
7. Climax Volume Reached (Downtrend Stopped)
8. Stock again kept in range...
Stock has given Breakout of Resistance line and now Retested the same line. Stock is a good buy around 530 with SL below 519(levels mentioned on chart)
Disclaimer: I am not SEBI registered
Hello, Friends 🤗🤗 This stock is mostly suggested for 15-06-2022 Intraday player's.As we can see that what's happened with Toront power today.In this very bloody market Toront power give us 💪.We are expecting this move will continue tomorrow also. So, we are totally bullish 🧐 on this We will buy when price crosses 474 & substain above with the accurate target🎯 of...
Torrent power is on the verge of breakout abv 590.
Entry can be taken if atleast a 10 mins candle sustain above 590 for intraday target of 610.
And entry only after the retracement.
All the levels are marked on the chart.
Disclaimer: All the analysis and levels are for educational purpose.
Follow us for daily analysis.
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...
