TORNTPHARM trade ideas
RETRACEMENT MOVE ABOUT TO COMPLETEJust wait for one good volume and see it reach above 3000 once again.
torntpharma looks strong after a sharp rally stock has corrected perfectly break above 2870 will be a good buy for tgt 3010
Tornt PharmaLooks weak, Rising wedge, short below 2810
It was oversold and lost volumes when compared to last 4 sessions
torntpharma trade 10.8.2020all details in chart
trade after 9.30(waiting market direction)
trade ur own risk
Calling a Torrent Pharma TOP here.The idea is to trade the C wave. Potential termination level for wave A and retracement of Wave B have been marked.
Cheers.
Please note, this chart is for educational purposes only.
TORNTPHARM BREAK OUT.. LOOKS SUPER BULLISH...After great results, Torntpharma breaks it 52 week high and looking super bullish... Buy above 2700, Target and stoploss given chart. This is my first trading idea. thanks for support.
LONGstock near previous resistance if it break then enter
stock is moving good number of volumes expecting more upside
Torrent pharma if broke resistance "Bullish Intraday"if broke the resistance the we can expect a good upside move
Only Buy above rising @ 2404
With a stop loss of 2394
Triangle Pattern BreakdownWe can clearly see a triangle pattern break down, and also pharma sector is somehow a little bearish in my view. If market sentiment is negative, this can come further down.
4 Month Symmetrical Triangle BreakdownBreakdown of long term symmetrical triangle is observed on a daily time frame of TORRENT PHARMA.
The stock has breached it's 50 day EMA which was a key support.
Short entry should be triggered when the day candle closes below 2330.
For the targets at 200 day EMA which will be it's next key support.
T1 2227
T2 2150
SL 2365
Caution : Results in near future can distort the trade.
Trade with proper risk management and use trailing Stop Loss to protect profits because this particular stock is very volatile.
Torrnt Pharma @ SupportThe stock is currently trading at a support level and momentum indicators signal a possible trend reversal in the upside. Buy at current levels with a stop-loss below the support.
Torrent Pharma: A Beautiful TriangleWave 3 was quite steep and strong. So we have Wave 4 quite boring and it seems it is now forming a Triangle. Keep on radar.
LONG TORNTPHARM IS GOOD FOR LONG at @2390It bounce back from support for the levels of resistence , can long for below targets
Tagrget 1st 2425 , 2nd 2451 , 3rd 2460 and if it cross then 2500 + targets can be seen soon
Your stoploss should be below support do accordingly
TORNTPHARM ShortExhaustion of up move evident in monthly chart as shown below:
Resistance recently at 2415 in Day TF,
Shooting Star on Friday with high near to 20 day mean,
Enter short on PDL break,
If EOD close is below 2337, possible targets are as follows:
T1:2262
T2:2166
SL: Close above 2439 (CBSL)
