#TORNTPOWER 1668 TGT 15% 1940+ NSE:TORNTPOWER
Target 1940 15% upside
NSE:TORNTPOWER CPM 1668
TGT 1940+ (15%)
SL 1550
TF < 6M
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TORNTPOWER trade ideas
TORNTPOWER Trading Within Fresh Weekly Demand ZoneTORNTPOWER is currently trading at ₹1559, positioned within its demand zone between ₹1609.2 and ₹1456.05, identified on 2nd August 2024. This fresh zone has not yet been tested, suggesting potential buying interest if the stock remains in this range. Investors might consider watching for support around these levels, indicating a possible upward movement.
Torrent Power - Resistance(s) ConfluenceTorrent Power :
Currently getting rejected from a strong confluence of resistance(s)
Need to Break 2000 decisively for possible upmove
VIEW ON TORRENT POWERGood chart structure
After forming Doji Candles for consecutive 3 weeks stock has given a small breakout and closed near previous week's high
Target 2030/2150/2250
Stop loss 1850
I am just representing my views
For educational purpose only.
Torrent Power MACD crossoverThe price has given a reversal signal from the lower trendline of the channel with MACD Crossover Above Signal Line. Below are some possitive points for a possible bullish move:
=> There is a strong momentum as price is above short, medium and long term moving average(MA).
=> There is a strong growth in QoQ EPS in recent results.
=> Good quarterly growth in the recent results.
=> Growth in Net Profit with increasing Profit Margin (QoQ)
=> Increasing profits every quarter for the past 2 quarters.
Buy between 1763-1800.
Target 1- 1911, Target 2- 1990 and T3- 2090
SL- 1690. Safe traders can exit on Target 2.
Note- This is not a recommendation but only for educational purpose.
High risk reward trade possibility in torrent powerthe stock has tested the 1815 level 11 times on daily timeframe. now tock is consolidating in a tight range . if it retraces to 1815 level for retesting can give a excellent risk to reward ,the target can be 1930 level.
TPL--Trendline breakout
--Support @ 1695 and 1628
--Reversal stock
-- retest level 1700
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
Stock to Watch | Enter once breakout doneConsolidation...@ 50 DMA Support
Can Enter once Breakout Done
Stoploss: Support line
Note: For Educational Purpose only
TORRENT POWER is taking reversals on TLTORRENT POWER has been trading in over bough zone. However, It previously taken support on the TL many times.
Now it is near the TL.
It can be consider now for swing trade or investment with risk of 5%
CMP - 1766
1672 is DOUBLE SUPPORT Level (23/08/24)Torrent Power is at a dilemma level, if it goes down from here it may get a weak support at 1602 and a strong support at 1530.
But since the 1672 level has double support, 1900 level is not far away, I guess.
Long Torrent PowerThe stock is in an uptrend and had broken out of a consolidation pattern. It is now re-testing the breakout zone and is bouncing from there. Looks like the uptrend is going to resume again in the stock and this could be a good entry with the stop loss below the pattern low.
Torrent Power planning to ride to the moon ?I think it is very obvious looking at the structure.
Anybody bearing on this sector is looking for a capital wipeout.
Simple Breakout
Simple liquidity
Simple orderblock
Simple "retest"
Simple follow up volume expected.
KEEP IT SIMPLE.
Torrent Power Triangle PatternBuy at current price. T1- 1634, T2- 1725 and T3- 1842
SL- 1466.
The price is about to breakout of the triangle pattern. Can buy now as MACD has already shown bullish crossover. Targets are being set as per Fibonnacci levels.
Note:- This is only for educational purpose and not a recommendation.
TORRENT POWER Based on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
TORRENT POWER - Swing Trade - 13th March #stocksTORRENT POWER (1D TF) - Swing Trade Analysis given on 13th March, 2024
Pattern: ASCENDING TRIANGLE
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
Torrent power Based on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
TORRENT PHARMA: VERGE OF BREAKOUTNIFTY PHARMA SECTOR IS consolidating in range in the upper price level. the index is also trading above all important moving average. index is awaiting big breakout.
it spent lots of time in this range, so we can see long bullish momentum after the breakout.
TORRENT PHARMA is forming Darvas box above 20/50/100 EMA.
Wait for closing above 1460, It may move up to 1550 In Short Duration.
Strictly Follow the STOPLOSS Below The DARVAS BOX.
RSI also Shows STRENGTH.
THE only concern in the market is the result of Lok sabha election.
DISCLAIMER: i am not a SEBI registered. i am not responsible for your profit and losses. this idea is only for educational purposes.
Torrent power chart analysis 1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
TORNTPOWER Expect bullish for shorttermWeekly trendline breakout observed. If it sustain expect short term bullish.
Buy TORNTPOWER Above 1430
Expected TARGET 1480.......1560+
STOP LOSS 1400
Torrent Power : channel breakout - need to sustainTorrent Power :
Channel Breakout in progress, earlier rejections were there, so, need to sustain 1260-1270 levels
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
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.
Trendline Breakout in TORNTPOWER
BUY TODAY SELL TOMORROW for 5%
torrent powermonthly rsi above 55.
rs positive
good move in upside .
big volume made.
power sector in trend.
keep investing.
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Daily Bullish Flag Pattern BO in TORRENT POWERIntroduction:
Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 21500 Crore Torrent Group – committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables.
Subsidiaries and Joint Ventures
TORRENT SOLARGEN LIMITED
JODHPUR WIND FARMS PRIVATE LIMITED
LATUR RENEWABLE PRIVATE LIMITED
WIND TWO RENERGY PRIVATE LIMITED
TCL CABLES PRIVATE LIMITED
TORRENT SOLAR POWER PRIVATE LIMITED
TORRENT SAURYA URJA 2 PRIVATE LIMITED
TORRENT SAURYA URJA 3 PRIVATE LIMITED
TORRENT POWER GRID LIMITED
UNM FOUNDATION (FORMERLY KNOWN AS TORNASCENT CARE INSTITUTE)
Analysis
A Bullish Flag and Pole pattern is visible on the Daily chart of $NSE:TORNTPOWER. The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs. 806-816 levels with the stoploss of Rs. 785 on Daily closing basis for the following targets 826.10, 839.50, 851.55, 864.25, 878.15, 892.35, 908.15 and 929.60.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
