Trade-Wealth

Very Weak SetUp - Torrent Pharma

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NSE:TORNTPHARM   TORRENT PHARM
6
Torrent Pharma has very weak setup.
1. Standing at very crucial Daily, Weekly, Monthly support.
2. Monthly made Head and Shoulder pattern.
3. Monthly trading below fib 23%.
4. RSI below 50. (even daily weekly & monthly)
5. Touched lower band of Bolinger Band.

A close below 1200 can trigger massive fall in this script.
Giving no targets just watch the price actions and take positions, most favorably SHORT.
評論:
Close below 1200 can trigger massive fall
交易進行:
One can take shirt position. Keeping 1220 as Stop. Target shall be 1100
評論:
Short :)
評論:
Torrent has not giving up.
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