Hidden divergence...Continuation pattern.Study: If new candle forms OH outside the bottom trendline, one may jump into the trade with very small stop loss, for a good RR.
TORNTPHARM trade ideas
short the stock as we can see that there was a bearish engulfing pattern few days ago and and today bearish kicker signal there and price below 8ema and bearish divergence add to it.
Torrent Pharma-Hourly Rising WedgeTorrent pharma-hourly chart indicates a rising wedge pattern.
Can the stock fall out of this rising wedge pattern as the buying volumes
have dried up after the huge selling volume
TorrentPharma - Sellers are active @ 1375Its been observed on daily basis that Torrentpharma facing resistance 1370-1380 trend-line. This might further go down. Its a sell @ 1350-1355 levels with strict stop loss of 1375 on closing basis.
TP - 1320
SL - 1375
buy call as we can see the bullish divergence there and bullish kicker signal and the market coming from a oversold area i prefer to go long
TORRENTPHARMAStock will open 3-4% down or it will take support near 1480-70 and may reverse from here so buy on dip and target 1550-1600 again (positional view)
