TORNTPOWER trade ideas
Torrent Power: Pennant Breakout!Torrent Power, NSE has been in an uptrend for more than 3 years.
Following this uptrend, the stock has been consolidating for more than a year in the form of a pennant.
The Pennant now appears to be broken significantly!
Its certainly worth checking for the right entry point and then enjoy this LONG ride!
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Gaining momentum. Hoping for quick 10% ProfitIt has broke upper trendline and target of previous high time frame tight range breakout is still active and we are in halfway. Setup mentioned in chart
Torrent Power - BreakoutBreakout with huge volumes. Overall the entire power sector is getting huge traction.
[Positional] Torrent Power Inside Bar Mean Reversion BetShort ONLY and Only if it breaks the low of the previous day with a stop loss at the previous day's high.
TORNTPOWER Inside Bar Short TradeShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Torrent Power Intraday StrategyShort below 280 for 278 277 275++
Sl 282
For Long level mentioned in chart
TORRENT POWER - BEAUTIFUL BREAKAS PER MY POST ON TORRENT POWER ON 17TH APRIL, T-1 OF 275 ACHIEVED.
T-2 AT 280 MAY BE REACHED TOMORROW.
BOOK PROFITS.
TORRENTPOWER - Bearish Shark - 2H TFBearish Shark pattern on 2H Chart of TORRENTPOWER. SELL 256-257, SL 258.5, Target(s) - 254, 252.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
TORRENTPOWER - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of TORRENTPOWER. BUY 232-233.5, SL 230.5, Target(s) 237, 239.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
TORNTPOWER IB Trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
TORRENT POWER : RANGE TRADEBuy above 258 with stop loss below 252 for target of 265-270.Torrent Power has been trading in a broader range of 210-280 from last 1 year. This range has further got narrowed 230 270. Today's volume were good but it couldn't mange to close above resistance line. RSI is also in comfortable position.
TORRENT POWER - Bullish & Bearish Bat - 2H TFBullish & Bearish Bat pattern on 2H Chart of Torrent Power. BUY 247, SELL 260. Bullish Bat pattern hasn't formed yet but if the stock reverses from the 260 levels, it'll valid given it comes back to the buying levels.
TorrentPower inside bar trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
TORRENT POWERTHERE IS A HUGE RESISTANCE @268.
CROSSING OF THIS WILL SEE THE TARGETS 275 AND 287.
STOP LOSS LEVEL MAY BE TAKEN AS 252.
INTRADAY || BUY || TORNT POWEROne may buy Tornt Power on a dip for today with a SL of 250.7 and target over 256. Enter as per convenient Risk-Reward ratio.
SHORT TERM || SELL || TORNT POWEROne may sell Tornt Power on rise with SL of 271 and targets of 258/251.5 in the short term.
