TORNTPHARM trade ideas
Torrent pharma 2020 analysis buying at the said lvl
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Torrent Pharma @perfect levelsTorrent Pharma
RSi is above 50 and closed above its 10 days high
Buy Above 2377.95 (2385.78 to 2387.25 is strong resistance zone and if broke with volume can go high)
First Target 2397.26
Second Target 2414.56
Sell Below 2375.2 (This is CPR level if stock open up but no strength then can go for sell)
First Target 2365.49
Second Target 2353.52
Disclaimer: Levels above are based on mathematical calculations and individual to take trade trade on Personal responsibility or financial advisor.
Torrent Pharma Daily Chart Analysis Bullish Triangle Breakout .
Pennant Pattern Breakout .
RSI Taking Support .
If Hold 2355 & 2295 Then Upside Will Be Huge ( Flag Poll Height )
bullish torrentbullish torrent
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TORRENT PHARMA CASH : SUPPORT AT 2280-2300TORRENT PHARMA CASH
01.06.2020
SUPPORT AT 2280-2300
UPSIDE POSSIBLE ABOVE 2352
FOR 2374/2398 SL 2325
CMP 2327
TorntpharmaOnce bounce back From 2250 Major Resistance.
Long Entry -2283 Target 2300 ,2320,2362(Last).
Volumes are good
Don't lose your Hard Earned Money so easily !!
#TORNTPHARM | NSE | 1H | SHORT01) Wolfe Wave ( Bearish )
02) Price near Horizontal channel top
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Note : 1) Wait for complete Wolfe wave and then find reversal point for entry.
Note : 2) This study for educational purpose only.
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Your likes on my ideas motivate me.
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Twitter - @bagade_arvind
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.
TORRENT PHARMA ::: BEARISHINSTRUMENT: TORRENT PHARMA
TYPE: F&O
TIME FRAME: 1HR
TREND: BEARISH
PSAR: CONFIRMING BEARISH TREND
STOCHASTICS: CONFIRMING BEARISH TREND
SELL BELOW: 2256
SL: 2273
TGT 01: 2208
TGT 02: 2189
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
TORRENTPHARMA LONGINSTRUMENT: TORRENTPHARMA
F&O / EQ: EQ
TIMEFRAME: 3 HOURS
Analysis of other timeframes confirming the trend: 2 hrs, 4hrs
PSAR 2HR: BULLISH
STOCH 2HR: BULLISH
PSAR 3HR: BULLISH
STOCH 34R: BULLISH
PSAR 4HR: YET TO CONFIRM
STOCH 44R: BULLISH
TREND: BULLISH
CMP: 2345
BUY ABOVE: 2351
SL: 2309
TGT 01: 2468
TGT 02: 2517
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing . We are in no way responsible for your profits/losses what so ever.
HIGH RISK TRADE SIGNAL ::: TORRENT PHARMATechnical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever .
LONG TORRENT PHARMA Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
Torrent Pharma - ShortTorrent Pharma forms double top on 1 Hr time frame, also forms symmetrical triangle pattern. If pattern breaks then expecting targets around 2080,2040,2000 and 1950.
Entry range for shorting could be below 2190.
Expecting good R/R ratio.
View invalid if price moves above 2250.
I will be posting complete analysis video soon.
This is for educational purpose only.
TORNTPHARMA HONEYMOON OVERDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
