torrent pharma at breakout areaTorrent can give a breakout after returning to the pattern boundary after almost 1 year.
Stay cautious to avoid shakeouts here, might test patience.
TORNTPHARM trade ideas
Buy Torrent PharmaAscending Triangle Formation
Buy Torrent Pharma Above 3012
For the target of 3054-3110
Stop Loss below 2951 Daily Close
Time Horizon 2-3 Week
Torntpharm - Close above 3000 will set new ATHPrice reached the ATH and rejected once again from the level when price closes above 3000 levels in weekly it will set new ATH.
Buy torrent PharmaBuy long above 2900 first target 2960 then 3000 can see lift time high of the stock. SL 2870. Stock is trading at support level & expected to touch the lift time high. Entry can be taken after the BO of TL. This is for your educational purpose only.
Bearish Butterfly Harmonic : Torrent PharmaBearish Butterfly Harmonic Pattern observed in Torrent Pharma daily chart.
Torrent PharmaLooks Good at cmp 2953
With SL 2800
For tgt of 3100 3250+
Risk reward is 1:2 favourable for Swing traders
Note - before taking any entry exit please consult with your financial advisor.
TORNTPHARMAIt has given break out at a very strong resistance. Buy above 3000 tgt 8 to 10% SL 2850. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Torrent Pharma Cmp 2980 dated 14.6.2021Torrent Pharma Cmp 2980 dated 14.6.2021
1. Rectangle consolidation breakout above 3007
2. Rounding Pattern breakout @ 3000.
Buy for a tgt of 3410-3640 SL 2850
It is just a view, pls trade at your own risk.
Strong resistance break out in Torrent Pharma Torrent Pharma is trading near its all time high after giving good resistance break out today. Also formed a good rounding bottom pattern. High probability of it crossing the ATH level. Keep this one on radar.
TORRENT PHARMACASE 1:
On the weekly charts of torrent pharma, it is seen that CMP is at a very crucial level (the purple zone). This zone is a good resistance zone. Also, if you look closely, CMP is also trading at an important Fibonacci Level. This too shows that price may come down from this point or may obey the purple zone and may fall after touching the upper range of the purple zone!
CASE 2:
Looking at the other possibilities, the stock may break from the Fibonacci level and also from the upper range of the purple zone (maybe in next couple of days). This will be a sign of extreme bullishness and one may look for buying opportunities here. There MAY be a retracement till the point of 2890-2908.
Now, if case 1 happens, a downfall till the level of 2800 is expected, and if case 2 happens an upside till the level of 3278-3280 (obeying the white path shown).
I would recommend taking decision on the basis of 'Case' we see next week.
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
#torrent pharm analysisunder my view is first breakout for intraday second breakout for swing trading hope market will go up. 5 time @ resistance line
TORNTPHARM forming Bullish Bat on Daily ChartsTORNTPHARM forming Bullish Bat on Daily Charts, expected to bounce from these levels with entry and targets specified in the chart.
This is for educational purpose only.
Torrent Pharmaceuticals Parallel Channel Pattern BreakoutTorrent Pharmaceuticals Parallel Channel Pattern Breakout
BUY TORNTPHARMAwe can pole & flag pattern breakout in weekly chart. we can accumulate between 2810-2750. we may see 3350 (minimum) in coming days. view negated below 2650 clbs
