TORRENT POWER

29 Sep 2021

Torrent power has given breakout from parallel channel in daily time frame, along with good intensity of volume, also challenging upper bollinger band in daily time frame, it suggests to go long with stop loss of 498. one can go long at these levels or in dips (if any ), all the key levels are mentioned in chart along with stoploss and targets.

key levels

breakout from parallel channel with good intensity of volume in daily

upper bollinger band challenged in daily

rsi in weekly above 60 and also uptick

rsi in daily above 60 and also uptick

macd in weekly positive crossover above zero line and also uptick

macd in daily positive and uptick above zero line

dmi adx positive along with ungali


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing