Following Observation in Torrent Power.
1. Broken the Resistance R1, R2 with Good Volumes
2. Retracing back to broken Resistance which may act as Support, Change in Polarity concept.
3. While retracing back selling volume is less.
4. Fundamentals are also quite good.
Note : it's just my Analysis which could be wrong too, not any buy or sell recommendation.
Looks like Dmart is planning to move up again.
Following is the logic of this Analysis
1. Change is Polarity , Resistance R1, R2 broken with Good volumes now this resistance may become support in coming weeks.
2. This Upcoming support is near Fib level.
3. Formed kind of Double Bottom B1, B2.
Expecting it to come at Support level let's see how it goes....
