TORNTPHARM - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 4.7

Torrent Pharmaceuticals (TORNTPHARM) is currently exhibiting strong bullish momentum, making it a high-potential candidate for intraday trading today. Here's the full breakdown

🔍 Technical & Momentum Indicators

Indicator Value Signal

RSI 79.4 Overbought — strong momentum but caution for reversal

MACD +97.6 Strong bullish crossover — confirms trend

Volume 17.5 lakh vs avg 7.7 lakh Massive volume surge — strong participation

Price vs DMA Above 50 DMA (₹3,369) & 200 DMA (₹3,219) Bullish breakout zone

Price vs 52W High Trading near 52-week high (₹3,785) Momentum continuation likely

📈 Intraday Trade Setup

✅ If Considering Entry

Optimal Buy Zone: ₹3,745–₹3,768 (on minor dip or consolidation)

Profit Targets

Conservative: ₹3,798

Aggressive: ₹3,825–₹3,850 (based on breakout extension)

Stop Loss: ₹3,715 (below intraday support)

🕒 If Already Holding

Consider partial exit near ₹3,798–₹3,825 if momentum slows.

If price breaks below ₹3,715 with volume spike, exit fully.

RSI above 75 suggests short-term exhaustion — monitor closely for reversal signs.

🧠 Final Verdict

TORNTPHARM is a strong intraday candidate today due to

Bullish MACD and RSI

Price trading near all-time highs

Volume confirmation

Solid quarterly earnings growth

However, RSI in overbought territory means tight stop-losses and disciplined exits are essential.

You can track live open interest trends and intraday sentiment on JustTicks OI Analysis and view technical charts on TradingView

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