Is TORNTPOWER Preparing For A Skyrocket?
Timeframe: 4h
TORNTPOWER shows that the stock has been in a correction phase after hitting a high near 1640. It’s been moving inside a downward channel and is now trading around 1310. Based on Elliott Wave analysis, it looks like the stock is completing the final leg of a corrective wave (B), which might finish near the 1213 level. This suggests that the ongoing fall could soon come to an end. The price is also trading below the 50, 100, and 200 EMAs, showing weakness in the short, medium, and long term. The ATR is 21.3, which signals moderate price movement, and the ADX is 21.9, suggesting the current trend isn’t very strong.
If this setup holds, TORNTPOWER could be gearing up for a strong upward wave (C), possibly heading back toward 1680 or even higher. The chart structure and the falling wedge pattern indicate a chance for a bullish reversal. If the support around 1213 holds, it could be a solid buying opportunity before the next big move. Targets for the long setup are 1354 – 1480 – 1600+. Risky traders can go for bottom fishing with high rewards.
NSE GLAND – Bull Victory
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Click here: NSE GLAND: A Critical Resistance Zone That Could Shift the Trend
BEFORE
AFTER
Timeline:
- 16 June 202509:15 AMPrice reached the first target of 1731.
- 16 July 202509:25 AMGLAND hit the second target of 1950.
- 29 July 202501:15 PMPrice touched the final target of 2100 and made a new high of 2131.
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