REND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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Wait for entry setup, if available then Long/short.
R:R is 12-15 times.
Torrent power have given a breakout supported by good volume, onceit crosses above the shaded area in grey i expect it to test 305 levels in coming weeks.
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Buy above 185 with the stoploss of 183.5. Targets are 186.5, 187.5 and 189. Sell below 183.5 with the stoploss of 185. Targets are 182, 181 and 179. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to...
TORNTPOWER: LTP @ 202.6
TORNTPOWER Reversal or Crash.
Approaching Towards 200SMA Support (Crucial) @ 191.5
10 SMA Touched 50 SMA. (Vale mentioned in The Chart)
GAP between 10 WMA & 10 SMA Max. in last 1 year (i.e. 2.8241), Effect "Possible U-Turn" .
Conclusion: Probability of LONG.
BEST Level for LONG: Between @ 200.00 to @ 196.00
TGT: Mentioned in...
Torrent Power Ltd. engages in the business of power generation, transmission, and distribution of electricity. It also focuses on the manufacture and sale of cables. The company was founded on April 29, 2004 and is headquartered in Ahmedabad, India.
BSE
