Torrent Pharma Buy 3LR PatternThe stock seems to reversing its prevailing downtrend. It has crossed the last resistance decisively which would work as support in future. Now we have good structured Stop loss for our long trade. Today's bar formed a 3L-R bullish Bar so one can buy the stock for a target of above 1550.
Trade ideas
TORNTPHARMA H1 Butterfly ready to flyUnable to crosss the previous supply zone in daily TORNTPHARMA looks like will be going for a dip here.
Trade Plan:
Aggressive: if 1436 breaks first
Entry1: Short half the size at 1436
Entry2: Short the rest at 1461.
Conservative:
Entry: wait and short full near 1461
STOP LOSS:
For both methods SL is above 1482.
Target: 1400 and TSL
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