Goal: Rs 3,600-3,700
Cease loss: Rs 3,098
Torrent Pharma has taken help at its 200 EMA and witnessed bounce, indicating renewed shopping for curiosity. The surge in quantity throughout at present’s session displays patrons’ willingness to build up the inventory because it trades above all main EMAs. Moreover, the Relative Energy Index (RSI) has given a breakout from a falling pattern line, lending help to the bullish value motion. The DI+ buying and selling above DI− additional confirms a constructive pattern. So long as the inventory holds above the stop-loss degree of Rs 3,098, it’s anticipated to maneuver larger in the direction of the Rs 3,600 mark
(Kunal Kamble, Senior Technical Analysis Analyst at Bonanza)
