Flag BreakoutStop loss Today's low i.e. 287.05, T-315/338/350.
Outstanding result posted by the company two days back entail this breakout.
TORNTPOWER trade ideas
an all time favourite scrip with good upside promise disclaimer... not an investing/trading recommendation NSE:TORNTPOWER
H&S IN TORNTPOWER Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Torrent PowerTorrent 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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TORENTPOWER1) Descending triangle formed price breakout any direction wait for confirmation to come price out of triangle
TORRENT POWERCurve pattern. Should move downwards. If breaks current resistance level, short term moves are marked with support levels for complete target of arc.
Fibo levels also plotted
TORNTPOWERLooks something interesting!!
I see a long opportunity here.
Can go long at 285 with strict SL 280 for targets 290/294
Torrent Power... divergenceTorrent Power .. one of the strongest stocks which never fell in this market carnage..
though it has been holding up.. it failed to get past 312 313 zone multiple times and rsi is forming lwer highs
sell at cmp or any rebound with SL 313 on clsoing basis for target 300 and below..
[HP] Torrent Power RolloverRolling the future.
View stays same.
Rolling over the short to next settlement. Closing 260PE, 280 PE, 300PE, 310CE with good gains.
If it breaks out above, will sell 300 PE August.
Torrent Power-More Selling On CardsSell at 305
Stoploss 315
Target 293-275
Reasons For Trade- 1.Price Has formed double top pattern on daily chart
2.Price has formed bearish candlstick pattern on daily chart
3.Small pullback is possible
4.Price broke the hourly trendline
5.Price closed below 200 EMA on 15 minute chart
6. Risk Reward 1:1
TORRENT POWER - Bearish HarmonicHello Traders,
We have spotted a bearish bat pattern on TORNTPOWER hourly chart . Price has already entered PRZ. Trade levels are mentioned on the chart.
Good Luck!!!
