I'm biased here looking for buying opportunity once trendline is taken out. Reason big green canlde on dtf which suggests buyer present at that area
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).
huge volume spike is seen. let it cool down for a bit and then make higher highs
#TORNTPOWER 1D Previous resistance is now working as Support Buy 440 Target 460/480+ Sl 425 View negative if holds below the Support #Chartview
add torrent power 414/400 we seen 444-488-514+ view invalid below 360 cb sl
On a weekly time frame the chart is forming a long rounding bottom pattern. The price movement is supported by volume. Further recently the price is taking support at the brim of the pattern which gives more confidence to the pattern. If it follows the pattern then the stock price will be double in 1 or 2 yr.
put stop loss at 400 and wait for small refreshment Target 473, breakout comes with high Volumes and a large candle
The stock seems to be having jitters of being too pricey. There has been formation of inside bar on daily and the stock is too far from moving averages thus a resistance on 20 EMA and thus a fall downward to the red line being 200 EMA would be easily achievable in coming time within 2 weeks.
breakout of pattern and nifty energy sector is bullish
box range breakout with volume , and tested with low volume and sustained. sl -360