Torrent Power Ltd – Recovery & Bullish Setup Near Support

The stock has recovered from a sharp correction and is now consolidating above a key support zone. Recent candles show stabilization, while momentum indicators are gradually improving. 🔎 Technical Observations: * Sharp correction followed by strong recovery * Price holding above ₹1,208–₹1,204 support * Consolidation visible after the recent rebound * Buying interest seen near lower levels * Momentum indicators showing gradual recovery 🔑 Key Levels to Watch: * Immediate Support: ₹1,208 – ₹1,204 * Major Support: ₹1,154 – ₹1,100 * Immediate Resistance: ₹1,262 – ₹1,315 🚀 Upside Targets: * ₹1,315 * ₹1,369 * ₹1,423+ 📉 Risk Scenario: Breakdown below ₹1,204 may weaken the recovery setup and could bring further downside towards ₹1,154–₹1,100. 📈 Trading View: 👉 Holding above ₹1,208 keeps the recovery structure intact 👉 Sustained move above ₹1,262 can support fresh bullish momentum 👉 Breakout above ₹1,315 may open the way towards ₹1,369 and higher levels ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊