I will buy TORNTPHARM because : It has been taking support at the trend line . It us also forming a rectangle pattern So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 2428 Target : 2908/3012 Stop loss : 2276
Bullish Butterfly pattern forming on Daily Chart of TORRENT PHARMA. BUY 2287-2288, SL 2229.9, Target()s - 2350, 2365.
Levels are mentioned on the chart. Only for learning and sharing purpose. Not a trading advice Please comment with your views.
Torrent pharma is whiplashing here and there creating pools of money to be taken out by operators. Wait for levels mentioned in 4hr Demand Zone the most safe bet will be placed there .
It is trading on very good support i.e. 2570-2550 If sustains above 2570 then we can see a good up move from there
We have two possibilities for tomorrow: Buy if sustains above 2660 for the targets of 2685 and 2700 until 2630 is intact on the downside. If opens lower tomorrow, Buy near 2600 for the targets of 2630, 2660, and 2685 until 2570 is intact on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Track this stock, It is bouncing from the highlighted demand zone. As long as the stock closes above this zone, it's bullish.
Buy above 2740 with the stop loss of 2720. Targets are 2760, 2780, 2810 and 2840.
TORNTPHARMA is taking support at 200DMA and reversed today with decent volume. Looks like a good place for long entry with stop below yesterday's (18 Jan) low.
After repeated failed attempts to push upwards TorrentPharma might just begin it's downward journey. The lower TL of the triangle has been tested multiple times including last day. One can go short if the lower TL is breached this time and 2600 in the short term and even 2430 levels to be tested in the coming days.
TORNTPHARM CMP 2830 Above 2840 it may go 2904/2944 lvls.. SL 2794 on closing basis. Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally. If you find this helpful . Please LIKE & COMMENT