Get started
RahulPrajapati

Torrent Power - Symmetrical Trading Breakout

Long
TORRENT POWER (NSE:TORNTPOWER)  
RahulPrajapati  
NSE:TORNTPOWER   TORRENT POWER
Trend Lines Support and Resistance Triangle torrentpower stocktrading NIFTY nifty50 BANKNIFTY bullcallspread Technical Analysis
2
0
trendline supportandresistance triangle torrentpower stocktrading nifty nifty50 banknifty bullcallspread technicalanalysis
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.