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Target price: Rs 2,780
Stop Loss: 2,600 rupees

Torrent Pharmaceuticals Ltd has been performing well and has taken a little break at higher levels. If we look at the daily chart, there is a breakout of the Bandera and Asta formation, suggesting that the positive trend is likely to continue. While consolidating, the trading volume decreased, but during the breakout, the volume increased, demonstrating strong control by the buyers.

The Relative Strength Index (RSI), which reflects the stock's momentum, is close to the overbought zone, supporting the idea that Torrent Pharmaceuticals Ltd is in a positive trend.

(Virat Jagad, Technical Analyst, Bonanza Portfolio)

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