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...
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...
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.