INSTRUMENT: TORRENT PHARMA
TYPE: F&O
TIME FRAME: 1HR
TREND: BEARISH
PSAR: CONFIRMING BEARISH TREND
STOCHASTICS: CONFIRMING BEARISH TREND
SELL BELOW: 2256
SL: 2273
TGT 01: 2208
TGT 02: 2189
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your...
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever .
Technical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
Torrent Pharma forms double top on 1 Hr time frame, also forms symmetrical triangle pattern. If pattern breaks then expecting targets around 2080,2040,2000 and 1950.
Entry range for shorting could be below 2190.
Expecting good R/R ratio.
View invalid if price moves above 2250.
I will be posting complete analysis video soon.
This is for educational purpose only.
DISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Buy after one hour closing above the resistance. you can give 50 points in this trade. don't go for options, trade only with cash. stoploss buy your own
still in the trading range, what looks like is phase c action, 2 tests of supply after a show Of strength last year which took out the top resistance of the trading range,
the second test was very interesting giving rise to a kind of morning star pattern, the middle candle was not that star , rather a gravestone doji, which is a reversal candle if found near...
