Torrent
Bit Torrent - Long PositionBitTorrent (BTT) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto was able to achieve an all-time-high price of $0.0142 last April 05, 2021. This amazing performance of BTT enables the network to attract crypto investors around the world.
TORRENT POWER is too far from its POCThe 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.
Torrent PowerTorent Power CMP 316, Can go with SL of 305, Target of 322,333,345,350+
RSI break out happening soon and MA cross over happening soon. last trading session's Cash volumes are double the average volumes happened on prior days with increase in price. General uptrend in power stocks also helps in going up. Shall go up.
Buy Torrent Pharma | Expected Profit 6-8%Goodluck Capital Recommendation
Buy Torrent Pharma (NSE: TORNTPHARM)
Buy Range - 2460-2490
Target - 2620-2680
StopLoss* - 2430
Duration 8-10 trading days
Potential Return^ 6-8%
Risk : Reward = 1/3
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 1483.
^ Potential returns are calculated based on the median of buy range.
Two scenarios for BTT BittorrentBullish scenario
As the last movements of the markets are more than bullish, we could say this is the more probable scenario.
We suggest to buy the breakout of the descending resistance and then you have two options:
1) SAFER: Sell in the red area
2) AGGRESSIVE: Hold it longer.
We think that after the second resistance breakout, we could possibly visit new highs.
Anyway if BTC turns out to be bearish again (short term), you should consider to close the position.
Bearish scenario.
For the characterics of this token and the market in general, we exclude a complete bearish scenario for BTT.
In fact, we consider a safe move to buy around the green area and sell around actual resistance.
The short term downtrend resistance and support are really well defined, so you can easily manage those positions.
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VTR Moonshot potetinal - High risk high rewardvTorrent is expected to receive some huge news given the recent teaser tweets from the developer. It tested the 3600sat resistance twice now and could potentially break it given that the news will match the built up hype. If you go for this trade you need to realise that this is an extremely high risk high reward trade because the trading volume is very low and there is no momentum without news. Try to enter around 2700sat, stop loss 2400sat, first profit taking 5000sat. This could be a big one as VTR has a market cap of only 5 million USD so with huge news a 20x return on your investment is not impossible (check out the recent EMC2 performance for comparison).
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