TorntPower Long (Preliminary Analysis)
Updated
Based on Market sentiment there is a long bias being observed in the stock. Daily key levels are marked with the blue breach of which can initiate a fresh trend. While the yellow zones are respectively the immediate demand and supply zones. Constricted CPR suggests a strong trend in the following trading session. Lastly, the volume squeeze seem ready to be enthralled to support the momentum built up.
Trade active
Gap up on the daily resistance gave a decent long opportunity in the morning session. As we enter the lunch break zone, the stock tested strong on the defined supply zone. However, as long as the initial breach is respected, we'd retain our bullish view for the day.Trade closed: target reached
As the stock rally's towards the marked supply zone, our bullish bias from the Intraday point of view has been satisfied.
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