Torrent Pharma: Channel range targets.

On the daily chart, Torrent Pharma is forming a channel, which has given a rejection on the upper channel line. Now the immediate support range is between 3093.70 and 3074, where a short side entry is possible on breakdown for the target of the lower channel line.
Inside the bigger picture, below the support range, the price will complete the channel and target the lower line of the channel. If this support is not breached, there is a higher chance of a bullish breakout from the upper channel.