TORNTPHARM trade ideas
TORRENT PHARMAMarket Cap
₹ 52,460 Cr.
Current Price
₹ 3,100
High / Low
₹ 3,227 / 2,311
Stock P/E
41.6
Book Value
₹ 345
Dividend Yield
1.13 %
ROCE
17.6 %
ROE
23.3 %
Face Value
₹ 5.00
Torrent Pharma Reverse Head and ShoulderKindly consult your financial advisor before trading. Thank You.
Double BOTTOM - SIMPLE AND POWERFULDear friends,
I explained everything in chart.
Happy investing.
Regards,
Indian Ox
TORRENT POWER LOOKS GOOD BUY 3070-3090 FIRST TARGET 3130 2ND TARGET 3170 SL 3040 .... volume supportable and i can clearly see the upmove
Torntpharm - On Support Torntpharma: From past 6 months trading in a parallel channel - trading baove 50/100/200 ema's
Bounce back after testing 2854 low & currently taking support from lower channel, 50 & 100 EMA's.
However 2952 and 3020 will be strong resistance levels based on previous history.
Watch these levels - Incase if any correction in NIFTY and Torntpharm breaks the lower trend line in channel - can go for short.
Please spend time and do own research before investing.
Torrent pharmaIntraday trade for study purpose.. STUDY N TRADE
Entry , Stoploss n targets mentioned in the charts.
DISCLAIMER:- I’m not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
Torrent PharmaceuticalsCup and handle formation in process
Trendline being broken
If breaks 2894, initiate long
Hold for 15% returns
Strong support at 2690 levels
TORNTPHARM - Intraday watchlistwatchlist for intraday. Can breakout/breakdown
Trade with your own analysis
TORNTPHARM July 21 Keep the lines will go little short and then long .. so you can earn in both chances.
Torrent pharma - bullish tradeBullish pole and flag pattern
Rounding bottom pattern in weekly chart
Stock looks bullish for 2880 and 3028 targets
TORNTPHARM: Quick target of 302515-day EMA has acted as a strong support for Torrent Pharma. Today the price has again bounced off the 15 EMA with a small hammer pattern indicating bullish bias. The 4-day SMA is steadily moving above the 9-day SMA which is again a bullish indication. I will look for a very short term target of 3025.
torrent pharma at breakout areaTorrent can give a breakout after returning to the pattern boundary after almost 1 year.
Stay cautious to avoid shakeouts here, might test patience.
Buy Torrent PharmaAscending Triangle Formation
Buy Torrent Pharma Above 3012
For the target of 3054-3110
Stop Loss below 2951 Daily Close
Time Horizon 2-3 Week
Torntpharm - Close above 3000 will set new ATHPrice reached the ATH and rejected once again from the level when price closes above 3000 levels in weekly it will set new ATH.
Buy torrent PharmaBuy long above 2900 first target 2960 then 3000 can see lift time high of the stock. SL 2870. Stock is trading at support level & expected to touch the lift time high. Entry can be taken after the BO of TL. This is for your educational purpose only.
Bearish Butterfly Harmonic : Torrent PharmaBearish Butterfly Harmonic Pattern observed in Torrent Pharma daily chart.
Torrent PharmaLooks Good at cmp 2953
With SL 2800
For tgt of 3100 3250+
Risk reward is 1:2 favourable for Swing traders
Note - before taking any entry exit please consult with your financial advisor.
