Sunday, June 19, 2011

TORNTPHARM- A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


TORNTPHARM  closes  at 644.5  with a fall   of 1.5%  on 17 June 2011 with formation of Bearish Harami Candle  on Daily  Price Chart. Technically TORNTPHARM is  looking extremely overbought  on  Daily Charts. Major Momentum Indicators are Showing Weakness on Daily Price chart.W% R is Cooling-Off From its higher levels along with RSI, Buyer-Seller Force Index & PZO. Market Makers has Trapped here the Panic Traders at higher levels.
We Recommend to SELL  -  TORNTPHARM at  CMP
Target- 615/592
Stop-Loss – 660
Time Frame- 5-10 Trading Days
 Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
 Call NiftyNext # +91 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

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