Was on watch since last week.. finally breaking out..
At Resistance Staying above 750 would open Targets of 935 Positional 12-18 Months SL 660
Breakout of crucial level is important indication of higher prices to come. When such breakout creates all time high it means that market participants are now willing to pay higher prices. A retest of earlier resistance from above creates good buying opportunity for investors. Here there is low risk and high return. Also success probability are high for such setup.
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Finally broke out was on watch for long time now... only backfall of this breakout is low volume rest looks good
price above short intermediate long term moving average price>3>6>18>50>200 MA symmterical triangle outbreak likely good results
Torrent Power Ltd - short term Nice breakout, traders keep this stock on your radar to catch the Momentum. Buy above 647 | Tgt 668 | sl 630 It is my view and trade your own analysis
Long Torent-power after the BO of resistance area above 642 for the target price of 722 with the SL of 615. On the daily chart, the stock has been forming the W pattern & taking the support of the 50 EMA level. This is for your educational purpose only.
torrent power is showing volume break-outs and looking good script for long, only for education purpose
Long after the break out only. High probability that this time stock is going for a lifetime high. It seems the long consolidation period is going to end soon. Keep the stock on your watchlist. This is for your educational purpose only.
Buying at CMP-624 SL-588 Target-740 Good bullish structure
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Channel, Breakout and retest. 📌 Symbol/Asset: Torrent Power 🔍 Description: Moment Stock with breakout and retest 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Following Observation in Torrent Power. 1. Broken the Resistance R1, R2 with Good Volumes 2. Retracing back to broken Resistance which may act as Support, Change in Polarity concept. 3. While retracing back selling volume is less. 4. Fundamentals are also quite good. Note : it's just my Analysis which could be wrong too, not any buy or sell recommendation.
The stock hit a fresh 52-week high of 610 on 22nd Aug 2022, but failed to hold on to the momentum, falling about 29%. It then took support at the lower trendline of the wedge pattern , gave a confirmed breakout from resistance trendline on 2nd March 2023, thereby bounced back from a 52W low of 430.85 to an intraday high of 550 on 17th Jan 2023, rising nearly...
Candlestick Chart Pattern - Shooting Star Relevance - It is a reversal pattern after a bullish/bearish momentum gets exhausted in the market. The above chart is for observation and learning purposes only.
Weekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move. 4hr structure is shifted
TORRENT POWER downward wedge breakout in a day chart. If sustains above 549 in day it will reach 590
Inducement IDM( Smar money concepts) Identification of IDM using this simple sketch.