Trade ideas
BUY TORRENT PHARMA @ 3280 - 3250Torrent Pharma has given the broken the previous high and looking good to test upper marked levels on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Inverted Head and Shoulder(Distorted) In Torrent Pharma Inverted Head and Shoulder(Distorted) In Torrent Pharma with Breakout correction. If cross 3250 you can see target of 3400
TORRENT PHARMA - Ascending triangle/W formation/inverted H&STORRENT PHARMA - Ascending triangle/W formation/inverted H&S BREAK-OUT - Pick your choice.
long term torrent pharma inverted head and shoulder pattern. trend line breakout.
may or maynot retest. reason: ongoing omicron.
self explanatory chart, ping for clarification.
Torrent Pharma Cmp 3278 dated 31.12.2021Torrent Pharma Cmp 3278 dated 31.12.2021
1. Inverted Head & Shoulder on chart Bo @ 3225
2. RSI also had BO
Buy for a tgt of 3450-3690 SL 3175
It is just a view, pls trade at your own risk.
Torrent Pharma bullish above 3250Hello traders, in this week what I can see is that the pharma sector is looking quiet bullish to me and I expect it to give good good results, this might also be a push from the omicron news.
torntpharm has broken it's all time high and has given a strong closing above it and still shows signs of bullishness, it means the entry can be taken at current levels or one can also wait for a pullback near 3250 levels.
Buy above - 3250
Targets mentioned in the chart above
Note:- As the stock is trading at all time high, this is an uncharted area so the targets have been taken according to some technical tools like fib & pivot points.
I will also upload other pharma stocks in the coming week.
Inverted Head and Shoulder Breakout on DailyWeekly - Breakout with good volume
Daily - Inverted Head and Shoulder Breakout with good volume
Long with stop loss of low of last daily candle.
Buy if you get a dip.
TORRANTPHARMA looking good for going longTORRANTPHARMA looking good for going long.
It broke the resistance level and looking good for buying at this level.
TORRENT PHARMA - BREAKOUTPrice given fresh breakout on weekly time frame.
Also, NIFTY PHARMA index is looking good by gaining 5.42% this week.
TORRENT PHARMAPOSITION CALL
TORRENT PHARMA
ABOVE 3250
TARGET ,3400,3500,3600,3700
cub handle pattern
DON'T MISS,
#TORNTPHARM #PRICE ACTIONTARGETS 3800 = 4000
The company has shown a good profit growth of 33.15% for the Past 3 years.
The Company has been maintaining an effective average operating margins of 27.50% in the last 5 years.
The company has a good cash flow management; CFO/PAT stands at 1.44.
The company has a high promoter holding of 71.25%.
Company has been maintaining a healthy dividend payout of 55.37%
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Buy Today Sell Tomorrow: TORRENTPHARM for more than 5%DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Inverse H&S BreakoutTorrent Pharmaceuticals has given an Inverse Head & Shoulders Breakout. Can retest the Level and then move higher
Torrent Pharma inverted Head n shoulder BreakoutTorrent Pharma good for swing trade
Buy : 3240-3250
SL : 3050
Target : 3750
TORRENT PHARMA LOOKS GOOD BUY 3210-3220 T1 3245 T2 3275 SL 3170-DKM SIR
I can see the upmove
buy and hold as per your risk
Buy above 3156 TGT 3186 SL 3140Suggestions are based on my analysis only. Please do your analysis before taking any trade.
TORRENT PHARMA INTRESTING FORMATIONascending triangle breakout possibility, price is positive, breakout having volume rsi showing strength, what else you want edge with hedge
TORRENT PHARMAPOSITION CALL
TORRENT PHARMA
ABOVE 3250
TARGET ,3400,3500,3600,3700
don't miss, holding period 1month
torntpharm break outin hourly timeframe TORNTPHARM is breaking out of this nice consolidation
could reach up to 2950 / 3000 levels by this week
Simple Trade Setup | TORRENT PHARMA | 23-11-2021 [ INTRADAY]NSE:TORNTPHARM
Observations:
1) On 1day time frame, it is trading between 200DMA and 400DMA.
200DMA will be immediate resistance and 400DMA will be major support.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame we can see level 2800 is immediate resistance and 2700 level is major support.
Breakout of 2800 will give a good up move. If it takes support from 2700 then there is a chance to bounce back.
But if it gives breakdown of 2700 then it will be much bearish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Sell below 2768 SL 2792 TGT 2724+Suggestions are based on my analysis only. Please do your analysis before taking any trade.
TORNTPHARMConsolidation is seen in TORNTPHARM near a support on the day chart. One can go long for the gains of 8% from here with a strict stoploss of 4%.
