now stock trading above downtrend channel we can see upside from support price of 1780 we can see 1900++ level.
Torrent Pharma is at a long term strong resistance. A short can be initiated with a stop & reverse above 1800. The risk to reward is extremely attractive. A break out hitting our stop loss would make for a strong rally, and a good long trade, recovering the SL.
TORRENT PHARMA reversal from crucial RESISTANCE ZONE
Can take long if breakout happens from symmetrical triangle
Can take long if it breaks the symmetrical triangle !
On the daily chart Torrent Pharma is rising within a channel range + at a strong support level @1450-1460, from where it may bounce towards 1600 if the support holds.