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.
Reason for long
a) Quarterly results are positive
b) Any closing above 1978 triggers the formation of W and hence long
c) QQE long, but huge negative volume
d) SL compulsory
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.
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 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...
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+ .
