TORNTPOWER trade ideas
Torntpower - Inverted H&STorrentpower with inverted head and shoulders on 4hrs TF , wait for neckline breakout as neckline is also a major resistance. Target on chart...
TORNT POWERBuy when price comes below or near L3 level at 301.45 and crosses it..tgt 302.4 and 303.3
H4 is the perfect long entry, with sl below H3 FOR TGT 307.3 and 308.2
If price comes down from H4, sell below H3, for tgt 303.6 and 302.7,
Below L4, 229.6, sell for tgt 298.6 and 297.75
Always maintain sl as .95 POINTS
#TORNTPOWER Buying Scenario#TORNTPOWER
1D
PICTURE PERFECT BULLISH HARAMI PATTREN
SAFE BUY ABOVE 318 TARGET 327/335/340++ IN UPCOMING SESSIONS
View Negative below 305
View based on closing
#CHARTVIEW
TORNTPOWER - Long - Ascending triangle breakoutAscending triangle breakout - although the entry could be early as its a non-stop breakout - a consolidation near resistance would have been much appriciated
TorrentPowerTorrentPower
Stock Options 27-Aug-2020 Call 370.00 8.00 8.00 1.85 2.45 5.20 2.30 -2.90 -55.77 733 103.79
Stock Options 27-Aug-2020 Call 360.00 10.05 11.90 3.70 4.95 9.15 5.00 -4.15 -45.36 335 75.98
Stock Options 27-Aug-2020 Call 365.00 7.10 9.45 2.30 3.35 7.05 3.60 -3.45 -48.94 331 62.66
Stock Futures 24-Sep-2020 - - 363.50 366.30 352.20 355.55 361.40 356.35 -5.05 -1.40 218 2,362.31
Stock Options 27-Aug-2020 Call 380.00 3.30 3.90 0.90 1.10 2.80 1.30 -1.50 -53.57 208 14.48
Stock Options 27-Aug-2020 Put 360.00 7.65 12.10 4.50 10.30 7.65 8.40 0.75 9.80 198 42.47
Torrent Power - Bullish GartleyTorrent Power retraced from golden ration but it may come down till PRZ 304 ... Targets on chart..
BIG RESISTANCE AHEAD NEED TO CLOSE ABOVE 350 AND 357 IN DAILY OR WEEKLY CHART FOR NEXT BIG MOVE !
AS OF NOW NO BUY IN CMP !
Torrent Power is treading down and form inside candle#TORENTPOWER is week and treading down and looks week in technical parameter.
Showing Bearish result in Technical Parameter:
CCI is treading down
RSI is treading down
Stoch is treading down
DI- is trending UP from DI+
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Support : 307.20 and 300
Breakdown : 312.80
LTP : 317.70
Breakout : 322
Long Target : 324.60 and 331
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Positive & Negative Point:
1) Bearish in Daily chart.
2) Bullish in Weekly/Monthly chart.
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(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
Torrent Power - Trendline tradingStock has broken a trendline with a huge bear candle with good volume on intra -charts.
higher Higher, higher low Structure of the stock is still maintained.
Stock has support around 327 levels , it is the levels from where stock has given the breakout and also retest it before rallying, hence it is important to see how price action will unfold around these levels.
TORNTPOWER - GO SHORT @ 261 FOR A RR OF 1:9 BY MID-AUGUSTTORNTPOWER - GO SHORT @ 261 WITH A SL OF 374 AND A TARGET OF 243. TARGET SHOULD BE ACHIEVED BY MID-AUGUST 2020
TorntpowerLook good for long once get BO , volatility contraction observed.
once breakout happens expected target of 325+
TORRENT POWEREnter above 353 with same as the sl for the target of 369, it near 52 week high which is 347, can be entered at this level too, but then sl would be a bit deep.
