Torrent Power Limited is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh. Stock is forming bullish pattern and coming out of range.Will buy at some retracement around 193-189......keeping stoploss at 180 & hoping to achieve the minimum...
After facing strong resistance at 190, torrent power has broken the trend line for the second time. Price closed below the trend line showing further weakness. If the price can not go above 183, we can go short at the price 180 with target 177,174 and 170 with stop loss at 183. Happy Trading! in.tradingview.com
After a decent upmove. stock is going through some profit booking.
But now, its trading close to 200 EMA on Hourly chart and near important Fib Level.
One can buy it near 177 if it sustains above it.For below targets:-
Target 1- 182.5
Target 2- 187
SL- 174.5
