TORNTPHARM
On 15M chart we can see stock is forming HH HL from last few trading sessions.
In last trading session (10/07/2020) after making new HH stock breaks down previous HL but volume was low for that breakdown and range was also narrowing down.
In last 30-45 minutes of trading sessions we can see volume was increasing with price and price range was also expanding. Which suggest either bulls were taking control or we were witnessing profit booking of intraday short seller.
I will prefer to buy TORNTPHARM on monday in morning session if stock gives valid breackout to 2367 on 15M chart.
I will keep my Stop Loss below 2338 for TGT of 2402.
If traded I will be holding this trade till 12PM max becaus we may also see trend reversal in afternoon session as on daily chart stock is looking quite weak.