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.
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 tf
can look for 400 and 415 positional basis
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Disclaimer : Only for educational & learning purpose
1. 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.
Torrent 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.
Well 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.
Torrent Power looks' good if it will manage to sustain above it's Strong demand zone @ 335-340.
If it will manage to sustain above this zone then it may test it's next Supply Zone @ 350-357 on the upper side.
Thank u :)
Very 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...
- NSE:TORNTPOWER formed IHS pattern on daily time-frame.
- Daily candle closed above the neck line.
- Taking a small long trade here with 1:6 R:R.
Let's see how this plays out.
