Torrent pharma: Trade setup for 8th July 2020 Stock approaching support zones
Buy: 2280-2300
Stop: 2230
Wait for price action to confirm.
Incase of gap up wait for price to retrace/ Incase of gap down as long as 2230 is not breached can initiate longs.
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Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
TORNTPHARM trade ideas
[Buddha] TORNTPHARM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
TORNT PHARMA INTRADAY LEVEL FOR 29TH JUN-20TORNT PHARMA INTRADAY LEVEL FOR 29TH JUN-20
BUY ABOVE 2482 SL 2465
TARGET 2497, 2512, 2527
SELL BELOW 2448 SL 2465
TARGET 2433, 2418, 2403
Posting for Educational purpose only
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