On 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.
Torrent Power Ltd. engages in the business of power generation, transmission, and distribution of electricity. It also focuses on the manufacture and sale of cables. The company was founded on April 29, 2004 and is headquartered in Ahmedabad, India.