TORNTPOWER trade ideas
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.
Clear Break out channel Pattern, target 473 put stop loss at 400 and wait for small refreshment Target 473, breakout comes with high Volumes and a large candle
TORRENT POWER is too far from its POCThe stock seems to be having jitters of being too pricey. There has been formation of inside bar on daily and the stock is too far from moving averages thus a resistance on 20 EMA and thus a fall downward to the red line being 200 EMA would be easily achievable in coming time within 2 weeks.
Support level / Uptrend resumption / Invest Idea #6Buy Zone: 270 - 280
Target: Top (370) or 'Hold for new high' (450)
DISCLAIMER: THIS IS ONLY FOR SPECULATION AND NOT AN INVESTMENT ADVICE OR ANY RECOMMENDATION. KINDLY TAKE OWN DECISIONS FOR TAKING RISK IN FINANCIAL MARKETS AND TRADE AT YOUR SOLE DISCRETION.
#torrentpower #srs #stocktraderchannel #srsenrique #siddharthsehgal #nifty #niftyenergy
Torrent Power: Buy & Hold: IndiaBy Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
Tornt Power - Intraday Trade SetupTornt Power CMP - 318.75
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 315 / Stop Loss 320
Target 1 - 312
Target 2 - 309
Target 3 – 306
Disclaimer: This is my view and for educational purpose only.
TORONT POWER - A long BetBearish BAT in progress
Entry: As near as 315 / Above 325
SL: 211
TGT: Follow Fib retracements of (X-A) leg
Torrent Power - Symmetrical Trading Breakout Breakout on Torrent Symmetrical Triangle
Above 330 , it can touch 350--360 and then 370++ mark.
Immediate Support at 310.
Trading Strategy with Bull Call Spread.
+1x 31DEC2020 330CE - ₹ 12.9
-1x 31DEC2020 360CE - ₹ 4.35
Max. Profit ₹ +64,350
Max. Loss ₹ -25,650
Max. RR Ratio - 1:2.51
Breakevens - 339.0
Estimated Margin/Premium - ₹ +34,067
Torrent PowerTorent Power CMP 316, Can go with SL of 305, Target of 322,333,345,350+
RSI break out happening soon and MA cross over happening soon. last trading session's Cash volumes are double the average volumes happened on prior days with increase in price. General uptrend in power stocks also helps in going up. Shall go up.
