Introduction:
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...
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...
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.
