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(TORNTPHARM) Torrent Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Torrent Pharmaceuticals | (TORNTPHARM) share price targets

Complete technical analysis of Torrent Pharmaceuticals (TORNTPHARM) by charts plus indicators, forecast predictions and share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Torrent Pharmaceuticals trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-03-28 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 333540

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2600.60	2568.75	2625.00	2522.00	1.11 times
27 Wed Mar 2024	2572.40	2594.25	2599.00	2515.05	0.771 times
26 Tue Mar 2024	2570.50	2560.25	2610.00	2548.80	0.901 times
22 Fri Mar 2024	2559.80	2554.40	2575.55	2532.00	0.401 times
21 Thu Mar 2024	2554.40	2529.85	2561.30	2500.50	0.528 times
20 Wed Mar 2024	2518.95	2519.00	2531.15	2489.30	0.522 times
19 Tue Mar 2024	2501.50	2584.00	2584.00	2487.80	1.104 times
18 Mon Mar 2024	2569.65	2602.00	2602.00	2544.00	1.356 times
15 Fri Mar 2024	2594.45	2711.10	2711.10	2577.00	1.479 times
14 Thu Mar 2024	2690.40	2652.00	2731.00	2643.05	1.698 times

My analysis of stock is bearish for shortterm, and stock might move down till 2562.2 or till 2486.7. Use a stoploss of 2625.17 and if the stock hits stoploss, then it can shoot up till 2688.11

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	1913.35
Downside Target	2025.70
Downside Target	2145.00
Downside Target	2288.70
Downside Target	2480.65
Upside Target	2625.00
Upside Target	2642.40
Upside Target	2700.00
Upside Target	2723.95
Upside Target	2742.60
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2535.43
Downside Intraday Target	2470.27
Upside Intraday Target	2645.38
Upside Intraday Target	2690.17
Downside Intraday Target	2580.22

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2600.60	2560.25	2625.00	2515.05	0.711 times
22 Fri Mar 2024	2559.80	2602.00	2602.00	2487.80	0.657 times
15 Fri Mar 2024	2594.45	2691.35	2744.00	2577.00	1.426 times
07 Thu Mar 2024	2664.80	2699.55	2742.60	2642.40	1.174 times
02 Sat Mar 2024	2691.50	2626.95	2723.95	2586.65	1.155 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2600.60	2686.10	2744.00	2487.80	1.338 times
29 Thu Feb 2024	2666.10	2537.50	2700.00	2480.65	0.843 times
31 Wed Jan 2024	2531.10	2325.00	2551.80	2288.70	0.835 times
29 Fri Dec 2023	2305.55	2135.00	2310.15	2025.70	1.195 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Torrent Pharmaceuticals (TORNTPHARM)

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Torrent Pharmaceuticals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Torrent Pharmaceuticals in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Torrent Pharmaceuticals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Pharmaceuticals in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Torrent Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2586.39 and Torrent Pharmaceuticals (TORNTPHARM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Torrent Pharmaceuticals (TORNTPHARM) stock. Volume based technical analysis of Torrent Pharmaceuticals (TORNTPHARM) stock is negative.

Torrent Pharmaceuticals Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.