Torrent Pharma Analysis - 02-02-2020Torrent Pharma is in a good Uptrend.
Profit Target - Around 2,111
Stop Loss - Below 1,688
TORNTPHARM trade ideas
Torrent Pharma (A breakout on the Cards ?)Torrent Pharma looks to be doing an Asian Paints (Just check out the Asian Paints Chart of the last week and you will know why the reference). The trend line has been respected for quite a while and any breach of the same will be followed by some substantial move (Hopefully).
The price has been consolidating in a range which is a sign that a breakout might be a good one.
Purely basing the trade on price action any breach should take the stock in the range of 2950-3000 again. 2850 looks like a final hurdle before that price is seen again
The Question remains: Will it breakout and head up or breach the smaller trend line to head down ?
Keep an Eye.
TORRENT PHARMANSE:TORNTPHARM
LAST TIME WHEN IT WAS GIVEN AS A SHORT, IT DID GIVE 100 PTS MOVE
NOW ONCE AGAIN IF THIS ONE BREAK 2680 AND SUSTAINS, THEN ITS HEADING TO 2650, AND 2635
ELSE IF REVERSES FROM 2680, THEN MIGHT MOVE TO 2720
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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#TORNTPHARM Keep tracking#TORNTPHARM moving towards supply zone.
Can give reversal around 2699 and 2613..
Buy above trend line.
R-0188 Cash Sell TORNTPHARM @2760-2764.00 SL 2806 TGT 2680Intraday Cash Sell TORNTPHARM @2760-2764.00 SL 2806 TGT 2680
Cloud break down + TK cross over bearish + MACD bearish
TORRENT PHARMATORRENT PHARMA can give a break from the flag pattern soon with good volumes. Keep an eye.
TORRENT PHARMANSE:TORNTPHARM
THE WAY IT HAS TURNED FROM 3000, 2830 SEEMS TO BE THE SUPPORT
IF IT DOES NOT STOP HERE, THE DOWNSIDE LEVELS WILL BE 2810, 2775, & 2750
IF SUPPORT HOLD IT MIGHT HEAD BACK TO 2880 AND MAYBE 2910
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
Torrent pharmaHello !! torrent pharma is quite at all-time highs it just gave a very big up move on a day before last market day so it's more prone to be rangebound or a bit of retracement, if it doesn't break upper resistance and sustains a rangebound session can be seen but if it breaks the final resistance then it will be on the all-time highs so the target is difficult to give. #my_view #learner
Long TORNTPHARM double bottomTORNTPHARM can be brought at 2280 with SL 2220 and target 2560!
Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
Torrent Pharma#HomeWork #Stocks #WeeklyAnalysis 19/07/2020
#SelfLearning
Sideways
Torrent Pharma - 2436 CMP
Immediate Target - 2609
Fundamental Looks Good
TORNTPHARMA SWING AND BREAKOUT TRADING IDEATORNTPHARMA SWING AND BREAKOUT TRADING IDEA
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TRNTPHARM Intraday Long Trade Setup For 13/07/2020NSE: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.
