TORNTPHARM trade ideas
[Intraday] Weekend lvl 6 + rejection of ~1955 TORNTPHARMAHad been rising continuously from the past 6 days, without breaking previous day low, today it has formed broken previous day low
Short only if the previous day low is broken with stop loss at previous day 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.
PDH 1955
PDL 1878.5
Torrent pharama good to short.Torrent pharma trading with -ve arbitrage where spot is trading 8 rupee higher than futures. Daily charts showing weakness at higher levels. HNI traders may employ a covered put strategy for a week outlook.G0 short in futures at CMP 1878.5 and sell 1850 PE at around 35-40 rupees and leave the positions till expiry or till you receive 3-5% ROI.
Torrent Pharma looks good above 1806Closely watch Torrent Pharma looks good above 1807. If Monday open above 1807 or hold above this level, Expect 3% to 4% will moves up.
#TORNTPHARMA Close > 1652 can take it to 1729
CCI(M)>100
Pinbar broken with strength
Alignment in place
Bottom is confirmed on D charts
[Intraday] Rejection of 1800lvl, short torrentpharmaRejection of ~1800 level. Closed twice below in red of the resistance, Short only if PDL is broken with SL at PDH or resistance
PDL - 1760.65
PDH - 1797
Resistance - 1810
[Positional] Torrent Pharna - Continuation of ShortHere goes the continuation of the last trade
We booked the profit already last time.
cdn.discordapp.com
This time we short it again. Wish us luck.
The core fact being, You can short the options targetting the expiry!
TORNTPHARM (Torrent Pharmaceuticals Ltd) #BUY ABOVE 1800TORNTPHARM (Torrent Pharmaceuticals Ltd) #BUY ABOVE 1800
Torrent Pharma - Short of the weekShort futures with the aforesaid stop loss or short 1840 CE with a stop loss at the same place.
SHORT TRADE SETUPLOOKING TO OPEN A SHORT SELL TRADE IN TORNTPHARMA.
USE APPROPRIATE STOPLOSS.
ALL THE BEST.
Positional trade based on elliot wave analysisIt has completed its correction and form a base at 1540 levels. has crosses 1720-1740 levels which indicates change in trend. My target and my strategy is based on elliot wave theory. target of 1880 is interim target. Moreover i am expecting 3-4% upside on pharma index in next trading sessions
Consolidation Phase in TORNTPHARM ? Buy or Sell ?Expecting breakout in TORNTPHARM, Symmetrical triangle formed with volume declining.
Buy Above - 1652 T-1672,1692,1710+ Stop - 1620
Short Below - 1622 T-1602, 1585, 1560+ Stop - 1650
Enter Short in TORNTPHARM below 1629Enter Short in TORNTPHARM below 1629
T- 1621, 1611 & 1601
SL- 1641
Torrent Pharma ..Reversal PossibleTorrent Pharma at Channel Support..
CMP 1597
Positionaly can go long for 1650/1700/1750+ target..
SL 1520
