Torrent pharma broke out of a 'Falling Wedge'. I think it will retest the previous high atleast and if it breaks that high and goes beyond, we might be in for a big move. For now, a retest of the previous High is a good target to look at. Bullish Hidden Divergence on the MACD seems to support the idea of an upmove.
Nifty seems to have completed a Running Flat pattern with a 5 subwave in Wave C and has broken to the upside. I am looking for a Trend continuation to the upside with a target at 9660 as long as the lower channel of the 240 trend line is not broken. Also, there is a hidden bullish divergence on the MACD which supports the bullish view.