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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 2024-04-22 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 221103

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	2591.90	2562.10	2616.75	2544.45	1.258 times
19 Fri Apr 2024	2539.40	2540.00	2560.00	2523.05	1.3 times
18 Thu Apr 2024	2546.85	2555.00	2585.50	2532.00	1.196 times
16 Tue Apr 2024	2537.60	2519.00	2546.00	2505.30	0.539 times
15 Mon Apr 2024	2519.85	2530.50	2574.85	2514.00	0.913 times
12 Fri Apr 2024	2577.70	2580.00	2599.95	2551.60	0.601 times
10 Wed Apr 2024	2578.95	2579.95	2590.20	2556.60	0.793 times
09 Tue Apr 2024	2578.10	2609.80	2609.80	2563.25	0.494 times
08 Mon Apr 2024	2597.30	2595.05	2626.90	2534.50	1.626 times
05 Fri Apr 2024	2577.10	2544.10	2619.30	2544.10	1.501 times

My analysis of stock is bullish for shortterm, and stock might move up till 2614.7 or till 2662.9. Use a stoploss of 2574.58 and if this stock hits its stoploss, then it can fall down till 2534.45

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2025.70
Downside Target	2288.70
Downside Target	2480.65
Downside Target	2585.50
Upside Target	2616.75
Upside Target	2625.00
Upside Target	2626.90
Upside Target	2689.70
Upside Target	2700.00
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2551.98
Downside Intraday Target	2512.07
Upside Intraday Target	2624.28
Upside Intraday Target	2656.67
Downside Intraday Target	2584.37

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	2591.90	2562.10	2616.75	2544.45	0.319 times
19 Fri Apr 2024	2539.40	2530.50	2585.50	2505.30	1.124 times
12 Fri Apr 2024	2577.70	2595.05	2626.90	2534.50	0.545 times
05 Fri Apr 2024	2577.10	2608.70	2689.70	2525.45	1.537 times
28 Thu Mar 2024	2600.60	2560.25	2625.00	2515.05	0.711 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
22 Mon Apr 2024	2591.90	2608.70	2689.70	2505.30	0.554 times
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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

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 red color and prices are in or above the red 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 2566.83 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 rising upwards.

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 is giving positive 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.