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.
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...
Torrent 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.
buy 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...
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.
Disclaimer: 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...!
Stock 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...
Wait for Retracement and if you see any rejection from there then only take trade
Always follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading😊
Hello 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...
TORNTPHARM 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
NSE: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 !!
TRADING 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...
