Torrent power is comfortably trading above 505-507 levels from the past few trading sessions.
Sustaining the same, the stock would be probably moving towards 540 -550 levels.
CMP: 513.55
Type of Trade: pullback - swing long trade
Invalid below 500 levels
NSE:TORNTPOWER BSE:TORNTPOWER While this is a expanding ascending wedge, but i have a conviction this will not breakdown rather breakout..
1. excellent management team with good earnings n growth and diversified power generation with distribution, but i would rather not discuss the fundamentals here..
2.the ML of pitchfork has not been broken for the past 2 years...
