Is Torrent Pharma signalling trend revival?

The short term momentum has picked up nicely and the longer term is showing signs of turning up too. Traders can buy at current price for a short term run towards Rs 2,600.

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An ABCDE triangle pattern seems complete and the bottoms are well supported by a trendline.
By CK Narayan

After being in a corective consolidation since April end, the stock is now showing signs of revival.

An ABCDE triangle pattern seems complete and the bottoms are well supported by a trendline.


The short term momentum has picked up nicely and the longer term is showing signs of turning up too. Traders can buy at current price for a short term run towards Rs 2,600.

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(The author is a contributor with ET NOW.)

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