As per GOVT Policies to give more importance to POWER & INFRA. One stk to make double your money is Torrent Power.
Given multi yr Breakout on stk and good to buy for 1yr time frame. CMP 270. tgt should be 450.
Disclaimer :- I am not a certified SEBI analyst. View given is personal.
RESISTANCE level broken in TORRENT POWER .
One can go long with entry at the level 265 -270
TARGET 1 - 290 (R:R 1:1)
TARGET 2- 310 (R:R 1:2)
STOPLOSS - 250
Torrent Power looks fabulous, buy for positional trade, as well long term
futures can also be traded but with caution, I suggest buy and hold for 20% upside
Targets : 192-200-220 Buy range : Above 180 Stoploss : 167 Duration : 3-4 weeks
Rationale :
The share price of Torrent Power is currently placed at a major value area around Rs 170-172. The corrective decline of the last two months has the underpinning characteristics of a secondary correction within the larger uptrend.
We believe the stock is...
"enter for trading when breakout will be completed " ....
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