power seems to be very bullish trade, all the technical factor showing bullish sing.
Multi time frame analysis of torrent power. previously it was unable to cross 500/- level now its trading above 500 level with good volume.
one can sell 600PE with a stop loss of 645 level to be broken and 800CE
Good momentum expected if it crossing swing high.
Technically stock at its supply zone and above 200DMA with super volume Fundamentally recent quarter result was superb and other aspect is also good. KEEP A EYE ON THIS
sustaining above previous swing level with good volume. delivery quantity is much more higher than previous 10days delivery.
break out of double bottom formation and successful retest also done, high probability of touching all time high level.
Classical volume contraction pattern given break out with good volume. OI buildup & delivery quantity percentage is much more higher than previous 10 days.
Previous two days delivery quantity is much higher than previous 15days, someone could hold it for positional trade as well but I'll preferer a momentum trade, easily we can get a target of 120/-.
Last two days delivery volume is much more higher than previous 10-15days delivery quantity, which clearly indicates some big players want this share to make new high, probably new all time high.
Trying to break a strong resistance zone with good volume 30.9% delivery on 7th june which is highest delivery percentage since last few month, a good momentum about to come
1Yr break out on IBULHSGFIN, could be a short term bullish trade
Multiday high has broken and retest also done, could be a good buy trade, put your SL at previous days low.
if it's giving closing above 2days high in 15min time frame then could be a good buy.
Keep your SL on previous day low and keep trail as it go on your favor