0%
0%
0%
0%
0%
1.20%
37.25INR
12.452BINR
95.369BINR
96.941M
About TORRENT PHARM
Sector
Headquarters
Ahmedabad
Employees
17.346K
Website
Founded
1959
ISIN
INE685A01028
Torrent Pharmaceuticals Ltd. engages in the research, development, manufacture, and marketing of generic pharmaceutical formulations. It offers pharmaceutical products to local and international markets, particularly in countries such as India, USA, Germany, Brazil, and other countries. The company was founded by Uttambhai Nathalal Mehta in 1959 and is headquartered in Ahmedabad, India.
Short Term Trade Torrent PharmaOn 4 hrly chart, the level of 1909 had been a support zone in the last two months,
There is a breakdown with good volume and a strong breakdown candle .
Tgt and sl are marked on chart
Torrent pharma is super strongTorrent pharma is growing exponentially without any break.
once it cross above 2090,
It can give a 13 to 25 % move
torrentpharma - sell on risesell around 1967 upto 1980
sl close above 1983.1
easy tg 1920
tg2 - 1896
Disclaimer : This is my personal analysis for study purpose not intended for trading.
torrent pharma - buy Buy near 1933
sl close below 1916
easy tg 1960
tg2 - 1990
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
Torrent Pharma Short term trade Breakout (Long)Breakout on Torrent Pharma
On daily chart most of the candle body is above the resistance line (yellow line)
Stochastic crossing into OB zone indicating good momentum
Volume on the bullish leg is higher than that during consolidation
tgt and sl are marked on the chart
Torrent Pharma Cmp 1651 Bearish Engulfing Candle & RSI BDTorrent Pharma Cmp 1651 dated 9-5-2023
1. Bearish Engulfing Candle @ Resistance
2. RSI breakdown
Sell below 1645 for target 1630-1615-1600-1580
1560 SL 1680
TORRENT PHARMA POSSIBLE BREAKOUT Torrent pharma currently trading near it's strong horizontal resistance if break and close above on daily candle so after we can go long in it for the target of 1664 and 1694 with a stop loss of 1604 below close on daily candle basis.
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