TORRENT POWER Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock witnessing selling from its major resistance, can see some correction from current levels, further strength expecting once Torrent Power closes above 173.50. (Updated on 15th September 2014, Monday).

TORRENT POWER

• Current technical analysis chart no1 indicates that Torrent Power coming down from strong trend line resistance, this indicates that we can see some correction as long as stock trades below 173.50. But once stock closes above 173.50 and holds above then further strength is expecting in Torrent Power for next few trading days.
• Also See - ROLTA (I) has formed rectangle formation in daily chart , sharp move expecting when it comes out.
• Intraday tips - Bulls action is expecting once stock starts trading above 173.50 with volumes, if stays above then intraday action is expecting.
• As per stock analysis chart no2, If Torrent Power corrects from current levels then will find strong support around 161, 154, 147 and 141 its fibonacci retracement levels.
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• If stock moves up from current levels and closes above 173.50 then will find next resistance around 203 its 161.8% fibonacci retracement. Close Watch.
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