Ride ain't over yet my man..!!Buy above 1385 for targets of 1410,1450 and 1470 for stop loss of 1355
TORNTPHARM trade ideas
Torrent pharma short term and mid term viewAll indicators are positive and weekly chart also slowly turns to bullish trend. It may reach the targets (Mentioned in the graph).
Cmp@1365
Stoploss:1260(closing basis)
Vijayaraghavan,
Kovilpatti.
Torrent PharmaBuy above 1280 for targets of 1300,1320,1335.Stop loss 1250
Sell below 1230 for targets of 1200,1190.Stop loss 1250
TORNTPHARM breakout from accumulation zone TORANTPHARM price action has given a breakout from accumulation zone 1325/1350, after bullish confirmation from breakout zone, it can retest its resistance 1571 by keeping stop loss below 1272.
1. MACD is positive
2. volume picking up
3. RSI supportive.
Torrent Pharma : Break out 4m Triple Bottom & Accumulation zoneTorrent Pharma : Break out from Triple Bottom and Accumulation zone
TORRENT PHARMA, LONG, TARGET-1350, STOPLOSS-1240Share is moving in a channel (shown by blue lines). In last few days, Share has increased with good volume but has came down with comparatively very less volume (volume highlighted in graph). Share has formed Bullish Harami Pattern (shown in blue box). RSI is also supporting price rise. Share price will go up.
Torrent pharma reversal from support levels of 1190Torrent pharma reversal from support levels of 1190. After formation of hammer and green candle on 1D chart. Hammer about to form in 1W chart. Can buy.
How i take trade based on structure No indicators People / Traders , i have been asked by many traders why i always mention about my wins so loudly? there is reason which i am going to explain what i am doing and why i get success more than any traders who try to take trade based on some indicators or some one chart or even some time they force the trade to take some profits and end up in losing the money
01) I do not use any indicators
02) i do not follow any laws of trading or so called laws which do not work , like support or resistance
03) i do not trade because the candlestick pattern is formed
05) i do not trade because of news events , or what so ever i do not trade
06) i do not follow any theory of Dow John , R.N.Elliott , or Richered waykoff or any theory in the trading world which is highly effective or highly preferred
i Just do not follow any thing
i only follow structures which repeat by them self , they give clear picture of price action , they represent the entire seen on price movement
there is huge psychology behind identifying the price action in specific structures which can not be explained in simple way
but i have tried to explain how i make my trade more profitable then any one
Rules
" Price analysis form Monthly to Weekly , Weekly to Daily , Daily to 4 Hour , 4 Hour to 30 Mints "
There are no rules in this further
so do not try to take the trade when things are congested , or not evenly in order for trading
avoid Options trading which is not meant for Small retail traders
Please try to identify what i have done in the chart and try to learn if possible ,
The most important message is get educated yourself with basics at least , before taking trades
All the best
TORNTPHARM Falling WedgeTORNTPHARM is moving in a channel/fallingwedge for over a week.
Probably a trend continuation pattern, giving a good upside move after a breakout,
The wedge Can break out in any direction, but upward break seems more logical
torrant pharma - make or breaklike all pharma will it break its support?
seems yes sell below 1220 for 1000 sl 1270
or buy put of 1200 june near 30 cmp 35
Very Weak SetUp - Torrent PharmaTorrent Pharma has very weak setup.
1. Standing at very crucial Daily, Weekly, Monthly support.
2. Monthly made Head and Shoulder pattern.
3. Monthly trading below fib 23%.
4. RSI below 50. (even daily weekly & monthly)
5. Touched lower band of Bolinger Band.
A close below 1200 can trigger massive fall in this script.
Giving no targets just watch the price actions and take positions, most favorably SHORT.
Upside for Torrent Pharma?Torrent pharma broke out of a 'Falling Wedge'. I think it will retest the previous high atleast and if it breaks that high and goes beyond, we might be in for a big move. For now, a retest of the previous High is a good target to look at.
Bullish Hidden Divergence on the MACD seems to support the idea of an upmove.
torrent pharma tgt 1577after double bottom stock is moving higher
big moves followed by swift small corrections towards 1500/1150/1575
TORRENT PHARMA - GAP FILLING UPMOVEThe stock has shown strength with good and rising volumes;
thereby filling a huge unfilled one created on 27th October 2016.
Keep in watchlist.
2nd blue line should act as support.
Torrent Pharma Buy 3LR PatternThe stock seems to reversing its prevailing downtrend. It has crossed the last resistance decisively which would work as support in future. Now we have good structured Stop loss for our long trade. Today's bar formed a 3L-R bullish Bar so one can buy the stock for a target of above 1550.
BUY Torrent Pharma Target 1495 1560 Stop Loss 1380Above Kumo Cloud
Breaks above consolidaton zone.
Price above Tenkan & Kijun Line.
ADX has started trending.
Stochastic not in overbought zone.
Next Resistance - Gap Down Zone.
Closing above resistance of 1560 may take the stock to 1700.
TORNTPHARMA H1 Butterfly ready to flyUnable to crosss the previous supply zone in daily TORNTPHARMA looks like will be going for a dip here.
Trade Plan:
Aggressive: if 1436 breaks first
Entry1: Short half the size at 1436
Entry2: Short the rest at 1461.
Conservative:
Entry: wait and short full near 1461
STOP LOSS:
For both methods SL is above 1482.
Target: 1400 and TSL
Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision.
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