TORRENT POWER

NSE

TORNTPOWER

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Torrent Power Daily time frame Analysis CMP 252.65 Target 258 - 261 - 264 - 269+

Above 272 could be a big move

Bearish Shark pattern on 2H Chart of TORRENTPOWER. SELL 256-257, SL 258.5, Target(s) - 254, 252. I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.

Bullish Bat pattern on 4H Chart of TORRENTPOWER. BUY 232-233.5, SL 230.5, Target(s) 237, 239. I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.

Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...

Buy above 258 with stop loss below 252 for target of 265-270.Torrent Power has been trading in a broader range of 210-280 from last 1 year. This range has further got narrowed 230 270. Today's volume were good but it couldn't mange to close above resistance line. RSI is also in comfortable position.

Bullish & Bearish Bat pattern on 2H Chart of Torrent Power. BUY 247, SELL 260. Bullish Bat pattern hasn't formed yet but if the stock reverses from the 260 levels, it'll valid given it comes back to the buying levels.

Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...

THERE IS A HUGE RESISTANCE @268. CROSSING OF THIS WILL SEE THE TARGETS 275 AND 287. STOP LOSS LEVEL MAY BE TAKEN AS 252.

May move upto 265 sl below 253 (closing basis)

Comment your views.

One may buy Tornt Power on a dip for today with a SL of 250.7 and target over 256. Enter as per convenient Risk-Reward ratio.

Trend breakout. Daily time frame.

One may sell Tornt Power on rise with SL of 271 and targets of 258/251.5 in the short term.

TORRENT POWER

Sell Torrent Power with SL of 248.3 and target of 241.8.

Levels mentioned in the chart!