TORNTPHARM
Unlocking Profit Potential: TORNTPHARM Analysis 🚀In the thrilling world of trading, decoding charts can be as exciting as a rollercoaster ride. Buckle up, we're about to unravel the secrets of TORNTPHARM.
📊 Current Positioning of TORNTPHARM
Currently, TORNTPHARM is perched near the 75-minute zone (LTF). On the intermediate timeframe (ITF), it basks in the daily demand zone, close to the daily 20EMA, with an upward trend. Zooming out to the higher timeframe (HTF), the weekly chart reveals it's in a weekly demand zone after reaching all-time highs.
The 75-minute demand zone is of the RBR type – Rally Base Rally. Plan your entry just above this zone, set the stop loss below, and target the 75-minute supply zone. The risk-to-reward ratio is an impressive 1:5.
🔍 Interpreting the Time Frames
LTF (Lower Time Frame): Timeframe for executing trades.
ITF (Intermediate Time Frame): Where we identify the overall trend.
HTF (Higher Time Frame): Timeframe for location analysis.
Lastly, remember, this analysis is for educational purposes only, and I am not a SEBI registered analyst
#DIVISLAB #TORNTPHARM #ALKEM #AUROPHARMA #BIOCON #LUPIN #CIPLA #DIVISLAB
NSE: DIVISLAB
CMP: 3498
TP: 4200
SL: 3300
TF: <6m
RR > ~3.4 times
Return > 20%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
TORNT PHARMA 1D SHORT viewTorrent pharma reversing from a very important Resistance zone.
Good to go for puts or shorting calls (if you are an option seller) in this stock.
It can easily give a god fall of around 200-300 points.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
TORN/USDT HAS POTENTIAL TO PUMP 100%!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
BUY TORN/USDT ON SPOT
Entry range:- BUY ONLY IF BREAKOUT and only in this range ( $52 to $54 )
Target:- 100%
SL:- $47
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
TORRENT PHARMA - CUP & HANDLE Pattern - Intraday/Short TermThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
TORNTPHARM LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
SELL AT 2589
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
TRNTPHARM Intraday Long Trade Setup For 13/07/2020NSE:TORNTPHARM
On 15M chart we can see stock is forming HH HL from last few trading sessions.
In last trading session (10/07/2020) after making new HH stock breaks down previous HL but volume was low for that breakdown and range was also narrowing down.
In last 30-45 minutes of trading sessions we can see volume was increasing with price and price range was also expanding. Which suggest either bulls were taking control or we were witnessing profit booking of intraday short seller.
I will prefer to buy TORNTPHARM on monday in morning session if stock gives valid breackout to 2367 on 15M chart.
I will keep my Stop Loss below 2338 for TGT of 2402.
If traded I will be holding this trade till 12PM max becaus we may also see trend reversal in afternoon session as on daily chart stock is looking quite weak.