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 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 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.
NSE:TORNTPHARM has made a bearish harami on weekly candle. If 1507 is taken out on downside and a close comes below that, I would be looking for 1481, 1461 and 1452 levels on the downside. Depending upon your risk appetite, enter the trade either in cash or in options. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here...
Weekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move
NSE:TORNTPHARM CMP 1489, Target 1350, Time frame march 2023. Expecting the Torrent pharma to trade at the levels of 500 by march 2023. Based on the continuous downtrend for the last 3 consecutive months , and expecting to touch the lower end of the Bollinger band . Expecting the target to hit within next 1month . One can trade sell futures at CMP or buy put...
TORNTPHARM Key highlights: 💡⚡ ✅On 1D Time Frame Stock Showing Breakout of Falling wedge Pattern. ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 1630+. ✅Can Go Long in this stock by placing a stop loss below 1475-. ✅breakout this can give risk:reward upto 1:4+.
TORNTPHARM Key highlights: 💡 ✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern . ✅ It can give movement upto the Reversal target of above 1505+. ✅There have chances of Breakout of resistance level too. ✅ After Breakout of resistance level this stock can gives strong upside rally upto above 1630+ .
#Torntpharm create a #range and now wait for the #breakout any side and we got best #move we have seen.
TORNTPHARM Key highlights: 💡⚡ 📊On 15 Time Frame Stock Showing Breakout of double bottom Pattern . 📊It can give movement up to the Breakout target of above 1645+. 📊Can Go Long in this stock by placing a stop loss below 1623-. 📊 breakout this can give risk:reward upto 1:7+
TORNTPHARMA buy abouv 1710, SL 1690, swing trade,hold for long
NSE:TORNTPHARM All Time High Breakout W Pattern Breakout Price moving up in Rising Channel Targets : 1890 - 2030 - 2250 Upside : 35% SL : 1550 Time Frame : 3-6 Months RSI in Bullish Zone & Weekly EMAs acting as Support
torrent pharma crossed big resistance 52 week high today keep on radar for entry with risk reward in favor Weekly Positive RSI 70+ last two days Spurt in volume too Expecting big move onwards
A cup and handle pattern is forming on torrent pharma charts, suggestive of a breakout to new highs from this levels.
TORNTPHARM has given Cup n Handle breakout at 1620 levels with good volumes. Target 1:1675+ Target 2: 1765+ SL: Hrly candle close below 1610 Time frame: 1 wk to 2 wks
#torrentpharma #torrent Looks good to go long. Breakout from inv H&S pattern Keep sl of 1545, around 6% #vr
NSE:TORNTPHARM 1650 1. Rectangle Pattern Breakout 2. Strong volume and price formation at breakout 3. Upcoming levels to watch 1800-1900 4. Support near 1550 level #TechnicalAnalysiswithMrChartist
Levels as mentioned on the chart Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat