Torrent Power SwingWeekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move. 4hr structure is shifted
TORNTPOWER trade ideas
TORRENT POWER TARGET 590TORRENT POWER downward wedge breakout in a day chart. If sustains above 549 in day it will reach 590
Inducement IDM( Smar money concepts)Inducement IDM( Smar money concepts)
Identification of IDM using this simple sketch.
Falling wedge stock has given good breakout , good to buy abv hl
only for educational purpose not for remcomdation
Torrent Power : How powerful is this stock?Info about the Stock
1. Torrent Power Q3 profit surges 86% YoY to Rs 685 crore, revenue grows 71%. Announces dividend at Rs 22 per share.
2. FNO stock.
If you are safe investor buy this stock at the Support : 496 .
Technical Analysis
A breakout occurred after a series of declines.The breakout is so much more powerful that the price opens as a gap-up.
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
Torntpower BullishTorntpower Closing 517.95 With stoploss 499 then targest are 545-565+.
Buying Reason.
1 --> Price Breakout the Range.
2 --> Closing Above 200 EMA.
3 --> RSI is Above 60.
4 --> ADX is Bullish move and +DMI is rise.
5 --> Volume is Breakout.
torrent power is lookng good for shorttorrent power is looking good for shorting in short term if crosses green horizontal level 10 TO 15 Days
Torrent Power LimitedTorrent Power Limited
Huge volume
At 1 month high
Target 550-600
Entry above 605-610 if 1 hour candle closes above entry range.
Stop Loss 480
Torrent Power at Support Level Torrent Power. Good QoQ results. Stock at good support Zone. You can buy here with close below support as SL.
TORNTPOWERTORNTPOWER
near support, giving good Rsik to Reward although low probability setup
Buy cmp 488
sl below 475 on CLBS
PRICE AT SUPPORT AFTER A LONG TIME | TORNTPOWER | LONG Hello Friend's!
As you can the price is at the support after a long time. And also you could see that the price goes up whenever it touches the support, so a 80% LONG probability is present. But the target can be confusing to set when talking about it. So I've provide 3 target's to make the game sure. This could be easy if you set short target's and then reach the original one(592.00).
I hope that the price may go up and touch the Last Target in a Week or two.
The price has consolidated at specific areas so I've set those as target's in order to make the Target Safe.
TORRENT POWER | CHART ANALYSIS> TORRENT POWER
> Trading inside a range
> Trade for either side breakout/breakdown
// This post is for educational purpose only //
TORRENT POWER > TORRENT POWER
> Can give breakout
> Good above 525 level on closing basis .
> Target can be 600
// This post is for educational purpose only //
TORNTPOWER- Short Term :Bears Counter attackTORNTPOWER- Short Term :Bears Counter attack , down trend as long as it sustains below 525 on closing basis. Potential targets - 485
Torrent Power - Volume Price AnalysisClassic example like shown in Anna Coulling Volume Price Analysis
How price completes its trend
1. Buying Climax after a brief uptrend
2. Goes into Range
3. Distribution Phase
4. Creation of New Shorts
5. Start of Downtrend
6. Profit booking Visible Stock slows down post that
7. Climax Volume Reached (Downtrend Stopped)
8. Stock again kept in range (Accumulation)
9. Getting ready for a new upmove
Entry only after breakout and pullback
Sl below the range
1st resistance for the stock marked
Target is the upper range
TORNTPOWER - 20% upside potentialTORNTPOWER has given trendline breakout on the upside.
Positional target: 660+
SL: 535 (below trendline)
Torrent power on radar for swing entry Power sector looking good, especially torrent power n power grid, will post power grid separately. In torrent power seems in last leg of selling, thus a good time to add, also a observation point daily rsi at around 23, last two times when rsi made this low , torrent power gave a good upside rally, which you can find on chart with vertical line (blue dotted) on 24feb, 13/19 may, and now on 26sep, weekly chart indicates a retest of breakout level around 470 level, it may or may not touch and start upside journey for initial target of 550, 580.
Torrent Power LongsetupStock has given Breakout of Resistance line and now Retested the same line. Stock is a good buy around 530 with SL below 519(levels mentioned on chart)
Disclaimer: I am not SEBI registered
Bullish flag pattern in TORNTPOWERDiscription:
Stock Name: TORNTPOWER
Chart Pattern: Bullish flag pattern
Time Frame: 1 W
Entry: above 545+
Target : above 855+
TORRENT POWER consolidating near ath, Above 600, 800 is target!!A very nice consolidation near ath, wait for it to break 600 with good volume and then enter..
TORRENT POWER- Bulls Counter attackTORRENT POWER- Bulls Counter attack , upward trend as long as it sustains above 501 on closing basis. Potential targets 554 and 589
TORNT POWERtornt power break out strategy entr abv 581 tgt 145 point short term all educational purpose only
