Torrent pharma waiting for breakout 2110 level. Stok movement is good for swing trade. wait for cross and close in 4 hours. After that there is no hurdles we expect this price to reach 2270.
TORRENT PHARMACEUTICALS LTD
Breaking out of a CUP pattern.
Stock at new 52 week high.
Torrent Pharmaceuticals Ltd.'s Revenue was higher than average estimate 2 times in past 3.
FII/FPI have increased holdings from 12.85% to 13.15% in Sep 2023 qtr.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Torrent Pharam is an interesting chart with following factors
1. Ascending Triangle Breakout on Daily Chart
2. Narrowing Bollinger Bands and Price moving on upper Band
3. 20 Week SMA support at 1918-1920 zone
4. Narrowing Bollinger Bands on weekly charts
5. Daily / Weekly / Monthly all RSI above 60
6. Daily Super trend signal changed to Buy
Good Risk reward...
torntpharma looking strong stock consolidate higher low making good price action if daily candle close above 1950 it will give good upmove minimum 2100 then 2250
note only for educational
Buy Above : 3250
Tg : 3730
CBSL : 3000
R:R – 1:2
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
On 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
sell 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.
Please 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.
