Torrent Pharama false breakout by prajapati9951....
Market Cap ₹ 52,460 Cr. Current Price ₹ 3,100 High / Low ₹ 3,227 / 2,311 Stock P/E 41.6 Book Value ₹ 345 Dividend Yield 1.13 % ROCE 17.6 % ROE 23.3 % Face Value ₹ 5.00
Kindly consult your financial advisor before trading. Thank You.
Dear friends, I explained everything in chart. Happy investing. Regards, Indian Ox
BUY 3070-3090 FIRST TARGET 3130 2ND TARGET 3170 SL 3040 .... volume supportable and i can clearly see the upmove
Torntpharma: From past 6 months trading in a parallel channel - trading baove 50/100/200 ema's Bounce back after testing 2854 low & currently taking support from lower channel, 50 & 100 EMA's. However 2952 and 3020 will be strong resistance levels based on previous history. Watch these levels - Incase if any correction in NIFTY and Torntpharm breaks...
Intraday trade for study purpose.. STUDY N TRADE Entry , Stoploss n targets mentioned in the charts. DISCLAIMER:- I’m not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
Cup and handle formation in process Trendline being broken If breaks 2894, initiate long Hold for 15% returns Strong support at 2690 levels
watchlist for intraday. Can breakout/breakdown Trade with your own analysis
TORNTPHARM: Looking Good Rounding Bottom Pattern Breakout Stoploss mentioned the chart
Keep the lines will go little short and then long .. so you can earn in both chances.
Bullish pole and flag pattern Rounding bottom pattern in weekly chart Stock looks bullish for 2880 and 3028 targets
Buy Torrpharma @cmp 3005 tgt 3300 positional trade @nchitteti SL own risk
15-day EMA has acted as a strong support for Torrent Pharma. Today the price has again bounced off the 15 EMA with a small hammer pattern indicating bullish bias. The 4-day SMA is steadily moving above the 9-day SMA which is again a bullish indication. I will look for a very short term target of 3025.
Torrent can give a breakout after returning to the pattern boundary after almost 1 year. Stay cautious to avoid shakeouts here, might test patience.
Multiple wick rejection from level of 320-315 Volume below 10 MA
Ascending Triangle Formation Buy Torrent Pharma Above 3012 For the target of 3054-3110 Stop Loss below 2951 Daily Close Time Horizon 2-3 Week