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TORNTPOWER is a buy on NSE (Cash Market ONLY -- NO FNO)
Buy at 253
Consult your financial adviser before Investing
Torrent power -CnH under formation. Gud buy abv 302.40.For may test-530+.
SL-222.Resistance -272.45. gud for investment.
Short TorentPower for 222 below 233
TorrentPower Swing trading 3 days 239/249/259
Stock poised to move above 62% retracement level and could target 235/240 in the coming quarter.
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 ...
Today;'s close will determine the moves potential.
Its just with simple elliot counts & its not foolproof
Check at your end before taking the trade and I'm not sure about whether the correction will pan out same way or variations will happen but its Daily candles so you need patience, its not like My Nifty & Banknifty posts which happens within a day or two ...