TORNTPHARM trade ideas
TORRENT PHARMA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
8.0 TORNTPHARM - LONG IDEACapital available after previous trade 7.0 = 1630422
Risk 0.2% = 4000
Position size = 4000/150 = 26
Investment = 2450*26 = 63700
Capital available for next Trade 10.0 = 1630422 - 63700 = 1566722
Torrent Pharmaceuticals Ltd. - BullishTorrent Pharmaceuticals Ltd. pulled back after sharp upmove,
It is approaching critical support level of 2240-2280.
The stock is below midbol 2378,if it takes support around 2240-80 zone and moves above 2378,it may resume upmove towards upper bol 2587.
RSI & MACD bullish
TORNTPHARMA Sell below 2353 (Symmetrical triangle)Keep an eye on this script forming a Symmetrical triangle from two three days.
TORNTPHARMA, How we earned 1.5% (Trade Analysis) - Learn & EarnTORNTPHARMA was given for long at 10:54 AM for long above 2401. Logic for trade was simple trend line break out.
Below is the lower TF analysis of breakdown of chart. I closed my position at 2425 but it went to make high of 2440 from 2401. Keeping chart simple, free from indicators provide you more focus and price is paramount & it discount everything. So wasting your time on news, indicators will lead you away from truth.
Similar trades were taken in MCX (9 points), RBL BANK (3 points) and Grasim (4 points). All based on price action, simple chart analysis.
Request your support by likes and comment if you are learning to motivate me continue this.
TORRENTPHARMA SHORT OR LONG? COMMENTS PLEASE?SHORT WHEN THE TRENDLINE BREAKS
GO LONG IF ASCENDING TRIANGLE BREAKS UPWARD
Torntpharm Long IdeaStocks looks bullish for intraday. it will reach level upto 2650 to 2670 level.
#Trade on your won risk.
Torrent Pharma Immediate Sell on 2530/- Torrent Pharma Immediate Sell on 2530/- , Rejection from resistance is matter of time
TORRENTPHARMA Flag Breakout Pullback at the highs TORRENTPHARMA looks good to test highs after retracing and breakout from the flag pattern.
Can go long with SL 2200 and target 2680.
TorntpharmaNew Chart
#Torntpharm given breakout in #DowntrendChannel now stock can move towards 2,400/2,450/2,500 levels with the help of 2,275/2,240 support level.
#TECHNICALANALYSIS
