Hello !! 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...
NSE: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...
SL - 2326
The chart speaks for it self above 2406 i get more confidence.
To all the new ppl in the market. Why are you scared about the price action in the stock ?
A : relax and watch live charts/ read them try with 20 of them daily monitor them. it is not rocket science. Dont run on trades here and there. dont follow wrong mentors who dont know anything them...
TORNTPHARM 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 is forming AB=CD Extension pattern with 2.618 FIB Reversal and XABCD Pattern 1.618 FIB Reversal Zone.
The Possible set up would be to go log above 2350 with 2325 as SL. The beauty of the harmonic patterns are if allows you to catch the reversal from bottom or top with very little SL So we have nice R:R in swing setup.
We are targeting 2400 and 2425ish.
Last few sessions you can see the Higher High and Higher Low pattern, which is quite intact and might see levels of 2600 and beyond till the pattern is intact.
Torrent Pharmaceuticals Ltd. engages in the research, development, manufacture, and marketing of generic pharmaceutical formulations. It offers pharmaceutical products to local and international markets, particularly in countries such as India, USA, Germany, Brazil, and other countries. The company was founded by Uttambhai Nathalal Mehta in 1959 and is headquartered in Ahmedabad, India.
TORNTPHARM
