Torrent Power Ltd – Daily Technical View
The stock saw a strong breakout followed by rejection near the upper resistance zone. Price is currently in a healthy pullback phase, while the broader structure remains positive.
🔍 Technical Highlights:
Holding above the key support zone keeps the trend intact
20 EMA is acting as immediate support
Bollinger Bands expansion followed by contraction suggests consolidation
RSI has cooled off, indicating pause, not reversal
🔑 Key Levels:
Support: ₹1,320 – ₹1,300 | Major: ₹1,230
Resistance: ₹1,400 – ₹1,430
🎯 Upside (on strength): ₹1,500 – ₹1,550
📌 View:
Above ₹1,300 → positive bias intact.
Sustained close above ₹1,430 can trigger fresh upside.
⚠️ Educational view only.
— AALGO BREATHS