In this article, let us sneak into the trade setup short term trading bullish pattern in Torrent Pharma.

Daily Chart

Torrent Pharma broke out of fry pan bottom pattern. One of the classical patterns to trade setup with low risk high reward.The momentum indicators confirmed the trend with volumes rest is history up 8% after Q1 results. We have been bullish on the counter from 1480-1500 levels. The stock has been consolidating in the range from past 3 years showed a momentum. The traders could have captured the stellar move with the application simple high tops and higher bottoms pattern forming.. AS stock has been hitting fresh 52-high with gaining momentum.

What to expect from the stock in short, medium and long term after a stellar rally ?

What does Elliot Wave count suggest ?

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The short and medium term Elliot Wave counts are intentionally not shown here which are discussed on our member area.

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