TORNTPOWER trade ideas
Flag & Pole CMP : 494
Sl : 488
Target : 530
Can enter after 500
With in a week u would be getting ur target can see good up move
Torrent Power Intra/Swing (Long)Torrent power can breach 500 levels with new all time high
-->The chart has formed pole & flag pattern from bottom & broken the parallel channel.
-->500 level has been tested thrice on next attempt it will breach those level and make new all time high.
TORNTPOWER #Watchlist
#TORNTPOWER (D): 482.6 CMP, Looks promising for more benefits :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
Torrent Power Breakout tradeNSE:TORNTPOWER Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Upside Breakout in #TORNTPOWER after long consolidation. Long position in #TORNTPOWER can be taken around (480-490). The current market price is 488 with the suggested stop-loss is at 440 level on CLBS.
1. Upside breakout with good volume.
2. Long buildup via Option chain observed too.
Expected targets are 522 and 556. All targets are likely to reach in 46 trading session
torrent power torrent power buy TGT 510 partly book on 510 if it sustained tgt would be 550 in a month
TorntpowerAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
TORNT POWER #StockMarket #StockIdeas #StocktoWatch #StockToBuy Torrent Power has thermal power generation capacity of 3092 MW.
Torrent Power is one of the most efficient utility companies in the country.
It distributes power as licensee in the cities of Ahmedabad, Surat, Gandhinagar, Dahej SEZ and Dholera SIR (Gujarat)
Has franchisee in Bhiwandi, Shil, Mumbra and Kalwa (Maharashtra) and Agra (Uttar Pradesh).
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On weekly Chart Recent Volumes observed.
All power Sector growing, with green energy
One Can enter with 30% buying at Current levels
Or can buy above BO of 480 levels
Keep SL at 50DMA on closing basis or 430 to 490 levels for MT/ST holdings
Stock can perform for target of 500 to 530/550 levels minimum.
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Strict SL to be followed in every trade.
TORRENT POWER TRIANGLE BREAKOUTtriangle pattern breakout as well as price coming out of ichimoku cloud. closing below the horizontal line can be the stoploss and targets are marked on the screen.
BUY TORRENT POWER #indianstockmarketSL and Tar on chart.
Very good stock and triangle breakout appearing
TORNTPOWER - Price and Trend SetupStock may test previous resistance level again. Currently stock is in sideways though RS against NIFTY500 has increased. Stock has given good results in past therefore RS getting positive trend need to sustain for few days. There could be fatigue in stock therefore please be cautious even if breakout happens as stock may go consolidation again.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏
[Intraday] Torrent Power Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Torrent Power LtdTorrent power is trading inside channel for last 47 trading days. Wait for the breakout for long position.
[Turtle] Torrent Power DiaryNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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TORRENT POWER, DAILYTorrent power is respecting the trendline beautifully. It can reverse from here for immediate targets of 482, and above that, it can easily go back to 508. Keep strict sl below yesterday low or @465 on a closing basis.
