buzzing stocks-Torrent Pharmaceuticals Ltd achieved all downside targets

Torrent Pharmaceuticals Ltd stock chart Torrent Pharmaceuticals Ltd stock is trading at 1425 with 10% loss. Stock in intraday hit low near 1390 which was its downside final target which is almost achieved by stock. Stock is top loser in F&O segment. TORNTPHARM stock is in absolute downtrend on daily chart and now trading in oversold zone. Downside breakdown was seen at 1640 levels and on downside stock has targets at 1590-1510-1440 and 1390 and all target got achieved in this fall. Around 1390-1380 stock looks oversold and might show technical bounce or short covering rally. Stock future traders around 1390 can take risk and buy TORNTPHARM stock future with stoploss for minimum target of 1440 and 1510 in November series. Stock option traders can buy and accumulate TORNTPHARM 1500 call options of November expiry on decline with stoploss for big short term gains. Today this stock option tumbled from high of 236 to low of 26 rupees. Torrent Pharmaceuticals Ltd stock medium term view is bearish and stock is heading towards 1320 and 1200 rupee levels. Which will be best medium o long term entry zones for investors. Stock monthly chart also suggesting same levels as strong support zones as well as long entry zones for fresh investors.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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