Torrent Power - Weekly Analysis CMP 330.35 Short for Target 322- 300- 286- 260- 240+
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
idea: buy above 335 target 400 stoploss 400 on closing basis NSE:TORNTPOWER
Refer chart, Short/Long based on direction of break
Wait for the confirmation before going long. I call this is a smiling face. You see it?
Torrent Power Limited TORNTPOWER - The stock price had breached the resistance at 320 and is trying to sustain above it. Technical Indicators are BULLISH. *****TradingEdge's Time-Trend Indicator is BULLISH.***** Sustainable trading above 322 may add fresh positive sentiment to test 325-327-330 on the up side. Nearest Support is the Middle (315) & the bottom...
Torntpower is trapped in range of 292-318 Now as I am not expecting any more bad in coming days so it may bounce from 296.50 levels to 321 in coming days SL being at 284.90 Time frame being 15 days
Torrent Power short 295 sl 308
it took support at 200DMA and created bullish reversal, go for long with a initial target of 330 with a stoploss below 200 DMA.only go for long if opens above today close price of 303 or closes above today's close.
A big negative candle supported by volume. Price can fall to 200MA. Disclaimer: I am new to this platform and learning. The positions mentioned here are not based on real trades. Please trade at your own risk.
unofficed.com Sell 300CE Sell 300PE Buy 320CE Buy 280PE
Levels Mentioned. Close below 298 is Important. Happy Trading :)