TORNTPHARM - Cup n Handle breakout - 7% upside potentialTORNTPHARM 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
TORNTPHARM trade ideas
Torrent head n shoulder #torrentpharma
#torrent
Looks good to go long.
Breakout from inv H&S pattern
Keep sl of 1545, around 6%
#vr
Rectangle Pattern at All Time HighNSE: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
Torrent Pharma : +11% Upside PotentialLevels 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
buy at current levelsAll moving averages converging.
closing is above trendline.
SL is reasonable.
target and SL as mentioned.
Rising wedge pattern in TORRENTPHARMTORRENTPHARM Looking weak after breaking down the rising wedge pattern and the level of 1500. Here are some important levels we can expect.
TORNTPHARM formed a descending triangleTORNTPHARM is moving inside a descending triangle since day 46 I hope to break soon and give good move.
trade setup for the stock = TO-PHARMAthis stock is expected to touch the REWARD level as shown in chart - in 1 hour timeframe
trade setup for the stock = tornt pharmathis stock is expected to touch the REWARD level as shown in chart - in 1 hour timeframe.
TORNTPHARMThis 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.
TORNTPHARM - Ichimoku Bullish Breakout Stock Name - Torrent Pharmaceuticals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1570
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Resistance breakout and then retestTorrent pherma has recently broken its long time resistance zone.
And right now it is retesting that, which might work as support this time, also it just touched at 20 EMA, which will give it a boost.
good upside potential of 2.5:1 risk reward trade.
watch for resistance breakoutbuy above 2955 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Torrent Pharma, Go Long ?There is a possibility of a swing trade on TorrentPharma, it is forming a double bottom (also an inverted head and shoulder). You go long after a good breakout of 2940. Set Stop-loss logically. Suggested targets: Target1 3040 & Target2 3085.
TORNTPHARM | BREAKOUT TRADE | 2:1 rrDisclaimer: Always trade based on your risk appetite. And never forget to enter the SL.
A long trade can be initiated as follows:
Entry above 2925
SL 2815
Targets of 3155
Happy Trading...!
TORNTPHARM LongStock looks good for a move at the break of plotted level
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
TorntpharmWait for Retracement and if you see any rejection from there then only take trade
Always follow Risk and Position Management❇️❇️
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Happy trading😊
Torent pharma Technical AnalysisHello Guys , Today I Have The Technical Chart of Torrent Pharma it has just breaked the Parallel Channe a few days ago but now I think it will go Up because it has made a bullish signal after a bearish trend and now lets talk about the target . So its target could be 3262 . Just Breaked the Channel Can Retest once here . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 Day
Patterns Name :- Parallel Channel
Stock Name :- Torrent Pharma
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
TORNTPHARM, Gap covering & Resistance Breakout SetupTORNTPHARM has given bumper 10% move with volume today and has closed at important resistance.
If it manages to cross 2930, then it can do gap covering.
Entry @ Above 2930
Risky trader @ Above 2920
In case of Gap up opening above 2930, wait for pullback to these levels for entry.
Thanks
Piyush Gupta
Learn & Earn
TORNTPHARM Resistance levelsNSE:TORNTPHARM
#NSE:TORNTPHARM open with gap up and with a small pull back given good bullish mometum.
Resistance levels for the day marked for referrance.
Happy LEarning !!
TORRENT PHARMA: Its a DIAGONALTRADING STRATEGY: Sell on rise keeping SL of 3230 and look for the target of 2530/2350 in coming weeks.
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL : In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal beagan.
#TORRENPHARM - HARMONIC PATTERN#TORRENPHARM - HARMONIC PATTERN
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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