after double bottom stock is moving higher big moves followed by swift small corrections towards 1500/1150/1575
The 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.
The 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.
Above 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.
Unable 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...
NSE:TORNTPHARM Buy Range - Rs1250 to Rs1300 StopLoss - Rs1177 Target 1 - Rs1420 Target 2 - Rs1575 Time - 6 Months
buy above 1360 with sl 1280
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.
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 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
Its 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
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
Stock 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)