Torrent Power, a major player in the power sector, is showing strong technical signs of a swing trading opportunity. Reasons are listed below : 1650 Support Zone : The 1650 level has acted as a strong support zone, and the price is holding steady around this level, indicating potential upside. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing...
NSE:TORNTPOWER has taken strong breakout of major resistance and pullback. Pullback Leg has taken strong bounce along with trendline breakout. SL 1703 Targets highlighted in Blue.
Torrent Power view for 20th Feb Descending channel breakout expectation Please follow strict risk reward and stop loss.. Charts for Educational purposes only. Thanks, V Trade Point
Torrent power view for 15th Feb Need to sustain above 461.. Channel support is strong around 447 Please follow strict risk reward and stop loss if you follow my level Charts for Educational purposes only Thanks, V Trade Point
Torrent power is comfortably trading above 505-507 levels from the past few trading sessions. Sustaining the same, the stock would be probably moving towards 540 -550 levels. CMP: 513.55 Type of Trade: pullback - swing long trade Invalid below 500 levels
Cup and handle on Torrent power, suggests this is a fine buy just above 490 with targets of 490+ 60 = 550
Torrent power has made an bullish butterfly pattern on hourly chart & also trading above its 50% fib retracement level of 548. Could be bought with mentioned stoploss & targets.
Analysis on chart. NSE:TORNTPOWER P.S. Education purpose only.
huge volume spike is seen. let it cool down for a bit and then make higher highs
add torrent power 414/400 we seen 444-488-514+ view invalid below 360 cb sl
The stock has broken out of its 10-12 year channel on the monthly charts. Volumes are huge. We have to wait for january to end to see whether this breakout sustains or not. It definitely looks interesting. p.s.- I may be biased as i am already invested from lower levels.
Breakout on Torrent Symmetrical Triangle Above 330 , it can touch 350--360 and then 370++ mark. Immediate Support at 310. Trading Strategy with Bull Call Spread. +1x 31DEC2020 330CE - ₹ 12.9 -1x 31DEC2020 360CE - ₹ 4.35 Max. Profit ₹ +64,350 Max. Loss ₹ -25,650 Max. RR Ratio - 1:2.51 Breakevens - 339.0 Estimated Margin/Premium - ₹ +34,067
Im not an expert im just sharing my views on TORRENTPOWER for tomorrow Im not responsible for any profit or loss this is not a recommendation
#TORENTPOWER is week and treading down and looks week in technical parameter. Showing Bearish result in Technical Parameter: CCI is treading down RSI is treading down Stoch is treading down DI- is trending UP from DI+ ---------------------------------------------------------- Support : 307.20 and 300 Breakdown : 312.80 LTP : 317.70 Breakout : 322 Long Target :...
Stock has broken a trendline with a huge bear candle with good volume on intra -charts. higher Higher, higher low Structure of the stock is still maintained. Stock has support around 327 levels , it is the levels from where stock has given the breakout and also retest it before rallying, hence it is important to see how price action will unfold around these levels.