Breakout in Torrent Power...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Target 2 and 3 after hitting Target 1...
Disclaimer: This is for demonstration and educational purpose only.
Torrentpower
TORRENT POWERTorrent 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.
key levels
breakout from parallel channel with good intensity of volume in daily
upper bollinger band challenged in daily
rsi in weekly above 60 and also uptick
rsi in daily above 60 and also uptick
macd in weekly positive crossover above zero line and also uptick
macd in daily positive and uptick above zero line
dmi adx positive along with ungali
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
📊 Torrent Power Long Term Target🎯NSE:TORNTPOWER
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 levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
TORRENTPOWER S&R ANALYSISIT HAS RETURNED FROM ITS ALL TIME HIGH OF 508.70 , IF IT CROSS IT , IT MAY FLY.
Only for learning Purposes.
TORRENT POWER TRIANGLE BREAKOUTtriangle pattern breakout as well as price coming out of ichimoku cloud. closing below the horizontal line can be the stoploss and targets are marked on the screen.
Torrent Power LtdTorrent power is trading inside channel for last 47 trading days. Wait for the breakout for long position.
TORRENT POWER, DAILYTorrent 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.
TorntpowerIt has broken out from good consolidation in spread chart. It may retest the breakout level and then go upside
TORRENTPOWER (idea update part 2)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.
Tornt Power Range BreakoutRange Breakout
Buy Torrent Power
Closing Price - 450.6
Strict SL - 422 (DCB)
Target - 495+++
TORRENT POWER (1 hour, breakout-retest)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.
NSE:TORNTPOWER
Torrent PowerOn trendline breakout, go long
Currently at strong support levels
RSI at 50 levels
Targets - 443, 456, 465, 478
TORRENT POWER - Multi-time Frame + fibo + Breakout?? The Indicator Used:
PANEL 1:
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.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Torrent Power - Ready for a breakoutTorrent 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.
Torrent Power seems to have a hard time in the Channel!NSE:TORNTPOWER has some good news with its Solar projects but there is some correction in price left further. Stocks can run 1 or 2 days on news but eventually follow the base trend it is in.
Torrentpower symmetrical breakout on weekly tfTorrentpower 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
Torrent power- Simple Support & Resistance based TradingChart itself is self descriptive...
Repetition of same percentage increase after retracement.
LAURUS LABS- MARCHING TOWARDS TARGET OF 4201. Double bottom in weekly TF.
2. Marching towards DB Target of 420.
SL below candle close of 338.
Note: This chart is for educational purpose only. Analysing the trend before entry is always advisable.
TORRENTPOWERTORRENTPOWER:-buy at cmp 330/320 till accumulate sl 260 dcb for target 600+++
#Disclaimer:-I just shared view for only educational purpose.
Torrent power to take long entryTorrent Power to take long entry only after the BO of Rest. level above the price of 320 for the next target of 340 with the SL of 305. This is for your educational purpose only.
Long torntpower shareWell support taken buy the stock. Now long above the price of 305 after confirmation for the target level of 322 with SL 295. RSI level is also bullish. This is for your educational purpose only.
