counter looking bullish and has given close above resistance, weekly atr is 28, and near resistance is at 520, which should be target 1 with stoploss 490 daily close.
this counter looking safe in this over rallied market
TORRENT POWER. Trading at Lifetime High now.
Breakout Indicators: Just look at Volume! 2) price broke out of Declining triangle indicating it was consolidating & resumption of previous trend most likely (which is bullish in this case).
Torrent Power Ltd. engages in the business of power generation, transmission, and distribution of electricity. It also focuses on the manufacture and sale of cables. The company was founded on April 29, 2004 and is headquartered in Ahmedabad, India.