Torrent Pharmaceuticals Ltd — BTST Trade Setup | CMP ₹3,821

 

Torrent Pharmaceuticals Ltd — BTST Trade Setup

Timeframe: 15-min • CMP ₹3,821 • Recent High ₹3,920 • Recent Low ₹3,580

Bias: Mildly Bullish • Watch ₹3,920 resistance zone

📈 Bullish Observations

• Big Player Buying near ₹3,760 indicates strong institutional demand.
• Price forming higher lows above ₹3,800 support.
• Volume spike after buy signal shows short-term accumulation.

📉 Bearish Observations

• Big Player Selling observed near ₹3,920 resistance zone.
• Failure to hold ₹3,800 could attract profit booking.

🎯 BTST Buy Setup

• Entry: Above ₹3,840
• Stoploss: ₹3,780
• Target 1: ₹3,890
• Target 2: ₹3,920
• Target 3: ₹3,950
• Confirmation: Bullish candle close with rising volume.

🔻 Alternative Short Setup (Only if Breakdown)

• Entry: Below ₹3,770
• Stoploss: ₹3,820
• Target 1: ₹3,720
• Target 2: ₹3,680
• Target 3: ₹3,640
• Trigger: Breakdown below support with strong bearish volume.

⚙️ Technical Summary

• Operator Algo: Big Player Buying at ₹3,760 supports upward bias.
• Structure: Higher-low formation above ₹3,800 zone.
• Momentum: Early reversal signs after consolidation.

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⚠️ Disclaimer: This BTST setup is for educational and analytical purposes only. Always use strict stoploss and position sizing.