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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 2024-04-24 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 221399

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	2686.45	2639.90	2699.00	2639.90	1.15 times
23 Tue Apr 2024	2637.40	2610.00	2645.55	2583.95	1.292 times
22 Mon Apr 2024	2591.90	2562.10	2616.75	2544.45	1.256 times
19 Fri Apr 2024	2539.40	2540.00	2560.00	2523.05	1.298 times
18 Thu Apr 2024	2546.85	2555.00	2585.50	2532.00	1.194 times
16 Tue Apr 2024	2537.60	2519.00	2546.00	2505.30	0.538 times
15 Mon Apr 2024	2519.85	2530.50	2574.85	2514.00	0.912 times
12 Fri Apr 2024	2577.70	2580.00	2599.95	2551.60	0.6 times
10 Wed Apr 2024	2578.95	2579.95	2590.20	2556.60	0.792 times
09 Tue Apr 2024	2578.10	2609.80	2609.80	2563.25	0.493 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2688, for a target of 2632.9 or 2587.1

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
Downside Target	2625.00
Downside Target	2626.90
Upside Target	2689.70
Upside Target	2699.00
Upside Target	2700.00
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2587.6
Downside Intraday Target	2488.75
Upside Intraday Target	2742.15
Upside Intraday Target	2797.85
Downside Intraday Target	2643.3

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	2686.45	2562.10	2699.00	2544.45	0.938 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
24 Wed Apr 2024	2686.45	2608.70	2699.00	2505.30	0.643 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 up 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Torrent Pharmaceuticals in short term and the buy signal is strong.

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

Torrent Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2584.03 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.