Torrent Power has created a 5%+ move followed by change in trend.
The stock has closed above EMA21/50 marking it as a bullish sign.
With such change in trend there can be 2 scenarios which can exist.
Scenarios1: The stock retraces to the demand zome formed at 1318 levels. In such a retracement going long would be a opportunity.
Scenario 2: A small daily inside candle if formed on the daily ( inside candle meaning a smaller range candle which has a high low with the range of previous candle), can be an opportunity for break out.
The stock has closed above EMA21/50 marking it as a bullish sign.
With such change in trend there can be 2 scenarios which can exist.
Scenarios1: The stock retraces to the demand zome formed at 1318 levels. In such a retracement going long would be a opportunity.
Scenario 2: A small daily inside candle if formed on the daily ( inside candle meaning a smaller range candle which has a high low with the range of previous candle), can be an opportunity for break out.
#Take proper position size
#Safe trading
#Safe trading
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#Take proper position size
#Safe trading
#Safe trading
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.