Torrent pharma if broke resistance "Bullish Intraday"if broke the resistance the we can expect a good upside move
Only Buy above rising @ 2404
With a stop loss of 2394
TORNTPHARM trade ideas
Triangle Pattern BreakdownWe can clearly see a triangle pattern break down, and also pharma sector is somehow a little bearish in my view. If market sentiment is negative, this can come further down.
4 Month Symmetrical Triangle BreakdownBreakdown of long term symmetrical triangle is observed on a daily time frame of TORRENT PHARMA.
The stock has breached it's 50 day EMA which was a key support.
Short entry should be triggered when the day candle closes below 2330.
For the targets at 200 day EMA which will be it's next key support.
T1 2227
T2 2150
SL 2365
Caution : Results in near future can distort the trade.
Trade with proper risk management and use trailing Stop Loss to protect profits because this particular stock is very volatile.
Torrnt Pharma @ SupportThe stock is currently trading at a support level and momentum indicators signal a possible trend reversal in the upside. Buy at current levels with a stop-loss below the support.
Torrent Pharma: A Beautiful TriangleWave 3 was quite steep and strong. So we have Wave 4 quite boring and it seems it is now forming a Triangle. Keep on radar.
LONG TORNTPHARM IS GOOD FOR LONG at @2390It bounce back from support for the levels of resistence , can long for below targets
Tagrget 1st 2425 , 2nd 2451 , 3rd 2460 and if it cross then 2500 + targets can be seen soon
Your stoploss should be below support do accordingly
TORNTPHARM ShortExhaustion of up move evident in monthly chart as shown below:
Resistance recently at 2415 in Day TF,
Shooting Star on Friday with high near to 20 day mean,
Enter short on PDL break,
If EOD close is below 2337, possible targets are as follows:
T1:2262
T2:2166
SL: Close above 2439 (CBSL)
Torrent pharma: Trade setup for 8th July 2020 Stock approaching support zones
Buy: 2280-2300
Stop: 2230
Wait for price action to confirm.
Incase of gap up wait for price to retrace/ Incase of gap down as long as 2230 is not breached can initiate longs.
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Torrent pharma Right now we all know pharma sector will outperform.
1] torrent pharma trading at strong support which is about 2325.
2] if it break support, there is small downside of about 3% to 2250.
3] if it takes support and breaks 2375 level then there is an upside of about 9% to 2600.
SUPPORT FROM TRENDLINE CLOSE BUY TORRENT PHARMA SL-close below trendline
TARGET 1-2500
TARGET 2-2560
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
ENTRY : 2400, SL : 2200, TGT : 2600. (Safe TGT : 2570)
Stop loss can be higher but it shouldn't got hit.
TORRENT PHARMA is holding at the Key Support (BEARISH)Hi , i have added all the key supports in the chart . Feel free to ask any doubts if you have.
Bull flag ## Torrent Pharm ##torrent pharm bull flag pattern. now reversing from the lower part of the flag. you can view it as a triangle formation also.
buy at current market price. with a stoploss of 2320 or 2275 which ever suits you for a target of 2500....2600++
TORNTPHAMTorntpharma Stock Break Channel BreakDown So you can short Tornt pharma.
Entry Price: 2449
Stop loss:2492
Target:2361
[Buddha] TORNTPHARM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
TORNT PHARMA INTRADAY LEVEL FOR 29TH JUN-20TORNT PHARMA INTRADAY LEVEL FOR 29TH JUN-20
BUY ABOVE 2482 SL 2465
TARGET 2497, 2512, 2527
SELL BELOW 2448 SL 2465
TARGET 2433, 2418, 2403
Posting for Educational purpose only
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