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).
Trading beyond 52 week High
Entry 745. SL (703 - 1x ATR = 703 -27) 676.
For 1: 1.5 Risk to reward ratio => Target 1 850.
For 1 lakh total Portfolio amount: Number of stocks to buy 30 (so as to not exceed 2% loss in a single trade)
Long Green Candle at Breakout. Good Volume support. Last Candle stick High Low price range > 1x ATR value. And, Open vs close price...
Bullish Pennant Pattern formation on Greaves cotton Daily chart.
I am showing two levels of support and one Resistance level. I see two entry positions based on where the stock is heading in the near future.
Stock Heading Up: The resistance is the downward trend line. Check for strength (increased volume, good candle formations) if it breaks the trend line and...
