TORNTPHARM trade ideas
pullback may workStocks trade near pullback of last time trading breakout , its high probability it may go up
Tornt Pharma#Torntpharma followup... finally the move came in as expected few days back, see linked chart...
TORNTPHARM Descending triangle type patterngood upmove may seen above this tradeline BO with volume
here resistance become support
up trending stock and price above all important moving average
TORNTPHARM LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
PRICE HAS BEEN MAKING LOWER LOWERS; HIGHER TIME-FRAME FORMED A PARALLEL CHANNEL,
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Tornt Pharma#torntpharma... Keep an eye near trendline... expecting an up move but needs that sign in initial candles.
TORNTPHARMA EARNINGS PLAY OPTION STRATEGY: 26 OCT 20Earnings play: Max 3 day trade
Buy-
+1-2500 PE- 8
+1-22650 PE- 20.5
+1-2850 CE- 25
+1-3000 CE- 8.94
Sell-
-2-2600 PE - 20.5
-2-2900 CE - 18.95
Net Credit - +10305
Cap Req - 2.9L approx
BE - 2529-2971
Max Profit - 35305
Max Loss - 14695
POP - 88%
Torrent PharmaThe pattern suggests not to SHORT, as per my observation. Levels are mentioned in the chart.
possibility in Torrent PharmaLevels are mentioned on chart. For educational purpose only. Not a trading advice.
TORRENT PHARMAIm not an expert im just sharing my views on TORRENT PHARMA for tomorrow
Im not responsible for any profit or loss this is not a recommendation
#Oct13 - TORNTPHARM - Ascending triangleTrade the breakout !!!
Buy above 2850
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
Torrent Pharma Capture the swingIf Nifty Pharma support target will be achieved.
Education purpose only.
