Torrentpower
Trade setup for Torrent PowerVery similar setup to Bajaj Holding and I expect huge momentum in the coming sessions. Expect one daily candle of 3-4% in coming sessions. Using your risk management and trade setup, compare and then decide on your own, whether you should take the trade or not. Nice price action as well as supply is visible on the chart in the form of a inverted hammer candle on 1hr chart. Again, do not forget to follow me for such beautiful, high probability setups. If the broader market is bullish, then this stock will also rise higher and not fall, but the momentum is what I expect to be huge, so you can take advantage with your trade setup and strategies.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
Torrent Power Trend Analysis !!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.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 12-15 times.
Torrent Power: Pennant Breakout!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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TORRENT POWER : RANGE TRADEBuy 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.
Long Torrent Power with a Target of 247 and a S.L of 234.7Buy 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.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.