TORNTPHARMA LOOKS GOOD TO SHORT BELOW 2575 FOR 2550/2517- SL 2605
weekly triangle consolidation and 50 week SMA -- for educational purpose
look this stock , if it breaks the triangle dont take the trade..wait for closing & decide
VIEW IS PERSONAL, BUY TORRENT PHARMA AS IT HAS BEEN ACCUMULATING FOR MORE THAN A MONTH
TORRENTPHARM Buy Zone: 2200 - 2300 Target: Top or 'Hold for new high @4000 DISCLAIMER: THIS IS ONLY FOR SPECULATION AND NOT AN INVESTMENT ADVICE OR ANY RECOMMENDATION. KINDLY TAKE OWN DECISIONS FOR TAKING RISK IN FINANCIAL MARKETS AND TRADE AT YOUR SOLE DISCRETION. #torrentpharma #srs #stocktraderchannel #srsenrique #siddharthsehgal #nifty #niftypharma
IB formed , we 'll Long as it breaks rest is as per charts Note :- Entry - At the break of mentioned candle's low/high Stop Loss - In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades Trailing Stop Loss ( TSL )...
WEEKLY Bat Zone + Daily BEARISH SHARK Strong POTENTIAL REVERSAL ZONE price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL
BEARISH BAT price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL
mildly bullish on the stock after the breakout bull call spread can be initiated with {{buy 2700CE @ 143}} and {sell 2800CE @94} cost of initiation 12k for a target of 12700. further quantity can be added once 2800 is broken
Torrentpharma gave swing breakout with positive rsi and macd. A huge volume show something is behind all this, My fav scrip for few days, lets see how it reacts. Targets on chart...
This highly under-rated pharmaceutical stock breaking out this week from very narrow consolidation happening since past couple of months. Could break its ATH in this rally. Let's see.
This analysis is purely based on price action and Chart Patterns. The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and money...
May be some news brewing or may be just the push for #NiftyPharma but torrent Pharma is all set to resume upwards journey with highly favourable risk reward ratio: 1. Closed above 23.6 percent fibo Retracement 2. RSI upturn from above 40 levels 3. Support line created for stop loss
Torrent pharma descending triangle pattern on a hourly chart. It is near its support. If broken can give good short move