TORNTPOWER trade ideas
Torrent PowerMulti time frame analysis of torrent power.
previously it was unable to cross 500/- level now its trading above 500 level with good volume.
Good time for a ShortLevels on the chart please. Looking for a short term fall, though levels are also given in case of reversal.
torrent power buy ideacounter looking bullish and has given close above resistance, weekly atr is 28, and near resistance is at 520, which should be target 1 with stoploss 490 daily close.
this counter looking safe in this over rallied market
Intraday opportunity in Torrent powerIntraday buying opportunity in Torrent power
Entry 501
Stoploss 496
Target 505.95/508.50
Torrent Power 28-Aug 202150 D Brakout
Completed 70+ days of consolidation - Box Breakout
Relative high volume comared to previous candle
RSI Breakout and MACD histrogram turned +ve
TORRENT POWER TECHNICAL ANALYSISI'm Not SEBI Registered and the services i'm providing for the educational purpose only. Trade on your own risk and consult your financial advicer.
My View on TORNTPOWERTorntpower moving in a channel.Torntpower above 478-480 should give channel breakout.Should hit Target 498-508-515 in very short term.
TORRENT POWER IS IN UPTRENDTorrent power is in uptrend and already take a pull back , now we can go long with torrent power our first target should be 480 and second one is 510 keep a stop loss below the trend line
TORRENT POWER || LONGGo long if the stock breaks 486 level with a SL of 446. Target 506,640 levels..
Look for trendline breakI'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
#Could be Stock of the weekTORRENT 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).
May be a good buy in Torrentpower#TORNTPOWER
1D
Previous resistance is now working as Support
Buy 440
Target 460/480+
Sl 425
View negative if holds below the Support
#Chartview
TorrentpowerOn 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.
