📊 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 📊