FLAGTorrent Pharma Fut breaking out of flag n pole pattern on daily/hourly charts with decrease in OI suggesting shortcovering.
Risk:Reward = 1:1.5
Could b bought with mentioned stoploss & targets.
Breakout Trade Idea for TORNTPHARMYesterday TorntPharm had a breakout and is ready to go much higher. Buy TorntPharm above yesterday's high with SL 3030. Its a bigger risk but so as the reward is also much much higher.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on t
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Frequently Asked Questions
The current price of TORRENT PHARM FUTURES is 3,435.40 INR — it has fallen −1.03% in the past 24 hours. Watch TORRENT PHARM FUTURES price in more detail on the chart.
The volume of TORRENT PHARM FUTURES is 717.75 K. Track more important stats on the TORRENT PHARM FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For TORRENT PHARM FUTURES this number is 1.77 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for TORRENT PHARM FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for TORRENT PHARM FUTURES. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of TORRENT PHARM FUTURES technicals for a more comprehensive analysis.