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Torrent Pharmaceuticals Ltd

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TORNTPHARM trade ideas

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.
NSE:TORNTPHARMLong
by this_is_shoaib
#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
NSE:TORNTPHARMLong
by lp9
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.
NSE:TORNTPHARMLong
by breakoutinvesting
1
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. ------------------------------------- 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.
NSE:TORNTPHARM
by Trading_hawk
1
Swing Opportunity in Torrent PharmaGo Long above 2899.1 for Targets of 3013.5, and 3127.9 with SL 2784.7 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level. 3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:TORNTPHARMLong
by Nimish_Ghagare
Torrent pharma: Rectangle pattern (Time frame-1Week)Torrent pharma: Rectangle pattern (Time frame-1Week) . Chart time frame -1 Week Trade type -Short term Duration - 2 months Entry - 3250 Target 1 - 3800 Stoploss - 3000 Risk : Reward - 1:2.2 Leave us a comment or like to keep our content for free and alive. Have a great day everyone! Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
NSE:TORNTPHARMLong
by wininfinity_
2