Tornt Pharma CMP - 2609.90
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 2601 / Stop Loss 2614
Target 1 - 2590
Target 2 - 2580
Target 3 – 2570 / 2560
Disclaimer: This is my view and for educational purpose only.
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
SELL AT 2589
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV,...
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...
NSE: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
...
