Just the other day on 15th Dec, Torrent Power had given a strong close with above average volumes at ATH.
But the very next day it broke multi day lows and had a trend down day, closing down by 6.8%
Such kind of price moves often trap the late buyers in the stock and make them exit in losses in short term. Such are the cases when buyers get instant losses while they were hoping of a breakout since the stock had all the features of same just a day before.
Those who say trend trading is easy, should see this as an example. Nothing is easy going in stock markets.
Disclosure- I do not have any open position in the stock.