Fantastic Breakout: TORRENT POWERTorrent Power looks fabulous, buy for positional trade, as well long term futures can also be traded but with caution, I suggest buy and hold for 20% upside Longby RaviDubey2
Torrent Power is a buy for Target of 257 / 290 NSE:TORNTPOWER is a buy for Target of 257 / 290 . Longby Latesh_NarulaUpdated 6
Torrent power - Inverted H&SNSE:TORNTPOWER has formed inverse head and shoulders pattern in day chart. One can go long above 237.50 T1 - 251 T2 - 260 SL - 224Longby Trading-wiseUpdated 7719
TORNTPOWER BUY setup - Multiyear BreakoutBuy TORNTPOWER above 235 T1: 252 T2: 295 T3: 320 SL: 199Longby k314Updated 18
torrent power cup and handleif sustain above 233-235 it can give good return in short termby kunjanjd4141448
torrent poweras long as 195 holds torrent power can test 250/285/325 levels in coming weeksby krishnasrinivas76742
torrent powertorrent power uptrend intact as long as 195 holds targets 250/285/325 6months -1 yearLongby krishnasrinivas76741
Torrent Power - Rounding bottom!Price action is forming a rounding bottom pattern. Strategy is buy in dips.by vanathiUpdated 4420
TORNTPOWER- Rounding Bottom + Triangle.Buy above 215 with a stoploss of 205. Target 225,235,245Longby Ankurpratapsingh001Updated 4
Torrent power near Major Support ZoneTargets : 192-200-220 Buy range : Above 180 Stoploss : 167 Duration : 3-4 weeks Rationale : The share price of Torrent Power is currently placed at a major value area around Rs 170-172. The corrective decline of the last two months has the underpinning characteristics of a secondary correction within the larger uptrend. We believe the stock is likely to form a base around the major support area of Rs 170-172 and resume its uptrend, thus providing a good entry opportunity for short-term with a favourable risk reward set-up. The corrective decline from the 52 weeks high of Rs 241.95 in the last two-three months has helped the stock price to work out of overbought conditions and discover a value area around Rs 175-170 being the confluence of the 61% retracement of the previous major rally from Rs 120.55 (August 2014) to Rs 252.70 (March 2016) and upward sloping trendline joining from 120.55 (August 2014), 136.75 (June 2015) and 159.30 (November 2016) containing entire up move of 2014-2016. (Shown in separate monthly charts below). Presently, the stock has formed support (trend line) with dates 18/11/2016, 29/07/2016, on weekly charts. Highest point touched during this period is 193.6.support line still holds good, stock is hovering just above support price of 164.25. On Daily charts, we observed prices making lower lows (LL), while the oscillator (14-day RSI) is making higher lows (HL), which is considered to be “Regular Bullish Divergence”, that normally occurs at the end of a downtrend. Further a “Morning star” candlestick pattern was formed till previous close, which is a bullish reversal pattern of high reliability, especially when it occurs in a downtrend. (shown in blue circular object). We expect the stock to resume its uptrend after base formation around the above mentioned support area and head towards Rs 225 in the coming months as it is the 78.60% retracement of the last two months decline from Rs 241.95 to Rs 172 levels. Hence suggest Buy in this particular stock as per levels mentioned above. Longby BHUMIT-ARQUpdated 3
Torrent power- Bullish re-test of previous highs likely.Stock poised to move above 62% retracement level and could target 235/240 in the coming quarter.Longby financialmarketsalgorithms0
head and shoulder pattern fomed"enter for trading when breakout will be completed " .... note : - friends i want to share 1 very important thing with all of you please read it carefully.. as we all know for the last few days india-china border dispute remained still...... while china media said yesterday , if india does not remove their army from doklam than they may attack on india with in 2 weeks we all don't know the reality , will china attack or not... but suppose if china go for attack or war with india than what what will be impact on share market ????? And it is too difficult to judge how much the market can fall that time ... last time when the news came about surgical strike on 29 september , have u seen what happened that time ????? if u want u can see data on 29 september 2016 my motive is to say only there are so many people who earn money by lots of trade And i don't want that they lose their huge money on 1 trade.... so use every day sl till it does not get solve.....(indo-china border dispute) don't trade without risk management & money management no matter what u r using intraday,weekly trade or short term if u are in profit use trail stop loss... market moves always on some technical based , some fundamental based but market always falls when any negative rumors comes and any war happen between country that time all technical will be flopped .... it was my personal view friends....... And these all things apply for only buyers while who have shorted their position they do not need to fear . ........ Longby ramanuj114Updated 3
TorntPower - Triangle!Buy above 185 with the stoploss of 183.5. Targets are 186.5, 187.5 and 189. Sell below 183.5 with the stoploss of 185. Targets are 182, 181 and 179. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.by vanathiUpdated 118
TORNTPOWER: Can Harmonic: Bullish CRAB Give Potency ?TORNTPOWER: @ 184.10 Pattern: Harmonic: Bullish CRAB , Can Price - Vol. Action Indicates WORST is OVER ? Indicators & Oscillators Also Suggests So. Go LONG: Aggressive Within +0.50% All Swing Trade, Short-Term & Mid-Term Targets are Plotted in Chart . Best LONG / BUY: @ 193.40 - @ 181.70 MORE: @ 179.20- Intraday TGT: 187.40, @ 189.10 , @ 191.90+ SL: @ 176.80- (BY CLOSING) FnO Strategy Updated Later. If you think this post enrich your knowledge and would help you in trading, Please don't forget to Hit / Click Like button . Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor. Longby DSKF16Updated 1110
TORNTPOWER: Powered by DIVERGENCE Power.TORNTPOWER: @ 187.10 Powered by DIVERGENCE Power. Detail of POSITIVE Divergence along with Indicator Value , Start & End Date: Divergence Start Date Close I_Value End Date Close I_Value RSI +VE 13/06/2017 183.45 30.94 19/06/2017 181.55 31.42 OBV +VE 13/06/2017 183.45 3.187E8 19/06/2017 181.55 3.201E8 MACD +VE 13/06/2017 183.45 -7.19 19/06/2017 181.55 -6.65 WilliamR +VE 13/06/2017 183.45 -89.4 19/06/2017 181.55 -80.41 Stoch +VE 06/06/2017 189.15 24.24 19/06/2017 181.55 34.16 I_Value => "Indicator Value" LONG For Short Term TGT @ 220 More intermediate Target on the Chart. Intraday Res / TGT: @ 188.3 - 188.9 (HZ),@ 190.1, @ 191.3, BEST BUY Zone also Intraday Sup: @ 184.8 - @ 184 SL: @ 178- (By Closing) Longby DSKF16Updated 3
Torntpower institutional over run the levels I think institutional have over run the retrace level of Fibonacci @ 61.8% and have pushed all the buyers in to sellers after braking the levels Now possible set up is 78.6% of Fibonacci level along with Bullish engulfing candle pattern I am looking to go long at 181 with stop 177 For target of 207 as 1st target Regards Longby shiv2798Updated 0
Torrent Power Possible Buy Set upI am looking to Buy at 184 with stop of 178 for Target of 200 , This is for short term Holding This information is for educational only Regards Longby shiv2798Updated 1
Tarron Power on Bull Trend from 2013 One can look the Rising trend line of Stock have Made the Journey Today the stock made another low again , I am looking to enter Near 179 with stop of 174 for further Up ward momentum This stock will reach 300 with in 6 Months Regards by shiv27981
Triangular Action in “Torrent Power”Outlook : The stock has been consolidating in a range of Rs 241-210 from March 2017 till date and seen constructing a higher troughs & lower peaks forming a pattern “Symmetrical triangle” (red converging lines), which is considered to be indecisive in nature. The said pattern generally regarded as a period of consolidation before the price moves beyond one of the identified trendlines and a break below the lower trendline(as in our case), is a strong signal which indicates prices to move lower. This week, the stock also broke the recent lows of 218 on the back of healthy volumes, which indicates that selling was intense and the stock looks set to continue the next leg of its downtrend. Technical indicators are currently giving negative signals as the stock trades below the short term and medium term (50 day SMA) moving averages. Momentum indicators like the 14-day RSI are in decline mode.Daily negative swing indicator like -DMI is dominating (shown in orange object). Combining the above technical evidences, we expect stock to slide lower and therefore recommend Sell on this stock at (price range 219-215) with an downside price target of 196-183 / Lower. Strict stop loss should be placed just above 235 which the bearish view will be voided. Shortby BHUMIT-ARQUpdated 3
TORNTPOWER Up SwingTechnical indicators OverSOLD formed Harmonic Bullish Pattern. LONG TORNTPOWER: RCP @ 192.5 BEST @ 191.5- More: @ 190.6- TGT(Intra + Pos / Exp.) : @ 194.7, @ 196.3, @ 198.5, @ 202.4, @ 207 @ 211, @ 217+ SL: @ 188- (By Closing) or @ 185.3- Which comes firstLongby sankarghatak112