Dear friends, I explained everything in chart. Happy investing. Regards, Indian Ox
Tornt Pharma 2960 b 5th Aug
Torrent Pharma seems to have completed wave (iv) correction and now might be heading towards wave (v) which is expected to terminate anywhere between 2730 to 2800. Follow up price action from here would be interesting. Minor hurdle is around 2580 which if crossed we may see a strong impulsive move on the upside.
Follow Chart Instruction. Take Entry at given level if comes. Risk Reward 7-10 times.
as we can see that there was a bearish engulfing pattern few days ago and and today bearish kicker signal there and price below 8ema and bearish divergence add to it.
as we can see the bullish divergence there and bullish kicker signal and the market coming from a oversold area i prefer to go long