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AALGO BREATHS I SEBI RA

27th Apr · SEBI-Registered Analyst

Torrent Power Ltd – Strong Uptrend with Momentum Expansion

TORNTPOWER
📊 Torrent Power Ltd – Strong Uptrend with Momentum Expansion The stock is showing a steady uptrend after a base formation and is now gaining momentum with strong bullish price action. 🔎 Technical Observations: • Recovery after consolidation phase • Formation of higher highs & higher lows • Strong bullish candles with volume spike • Price sustaining above key support levels • Momentum indicators showing strength 🔑 Key Levels to Watch: • Immediate Support: ₹1,700 – ₹1,660 • Major Support: ₹1,600 – ₹1,570 • Immediate Resistance: ₹1,830 – ₹1,850 🚀 Upside Targets: • ₹1,950 • ₹2,050 • ₹2,150+ 📉 Risk Scenario: Breakdown below ₹1,660 may weaken the trend and lead to downside towards ₹1,600 📈 Trading View: 👉 Stock is in strong bullish trend with momentum pickup 👉 Dips can be considered near support zones 👉 Sustained move above ₹1,850 can trigger fresh upside rally ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊

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