NSE:TORNTPOWER
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at all time high.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK...
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TORNTPOWER
Daily : Stock is in uptrend.
15 min : It has broken Ascending triangle pattern and now it is in Ascending triangle pattern.
*Wait for the breakout and we could see an upside...
TORNTPOWER : Details shared already in chart. follow candle stick pattern before entering
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
TORNTPOWER looking good as it is foming inverse HEAD & SHOULDER pattern.
It is breaking high of more than 1 month high.
Looking target 520++ in very short term.
We are Keeping on radar Torntpower 500 CE cmp 10.00
Buy when price comes below or near L3 level at 301.45 and crosses it..tgt 302.4 and 303.3
H4 is the perfect long entry, with sl below H3 FOR TGT 307.3 and 308.2
If price comes down from H4, sell below H3, for tgt 303.6 and 302.7,
Below L4, 229.6, sell for tgt 298.6 and 297.75
Always maintain sl as .95 POINTS
Ascending triangle breakout - although the entry could be early as its a non-stop breakout - a consolidation near resistance would have been much appriciated
