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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 2024-08-07 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 527675

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	3323.65	3230.05	3329.00	3230.05	0.519 times
06 Tue Aug 2024	3220.55	3173.50	3298.00	3173.05	1.206 times
05 Mon Aug 2024	3167.50	3173.20	3250.00	3156.45	0.471 times
02 Fri Aug 2024	3228.10	3190.00	3275.50	3179.40	1.226 times
01 Thu Aug 2024	3205.00	3172.05	3256.35	3160.05	0.759 times
31 Wed Jul 2024	3171.75	3127.40	3210.85	3122.20	1.216 times
30 Tue Jul 2024	3111.15	3198.65	3239.95	3103.00	0.581 times
29 Mon Jul 2024	3198.40	3195.00	3227.00	3136.70	1.011 times
26 Fri Jul 2024	3194.90	3090.55	3257.15	3087.95	0.587 times
25 Thu Jul 2024	3085.25	3092.00	3158.95	3075.00	0.961 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 3349.8, for a target of 3213.9 or 3100.63

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2505.30
Downside Target	2570.45
Downside Target	2729.20
Downside Target	2935.10
Downside Target	3073.95
Downside Target	3156.45
Downside Target	3257.15
Downside Target	3275.50
Upside Target	3329.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3210.4
Downside Intraday Target	3097.15
Upside Intraday Target	3382.95
Upside Intraday Target	3442.25
Downside Intraday Target	3269.7

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	3323.65	3173.20	3329.00	3156.45	0.458 times
02 Fri Aug 2024	3228.10	3195.00	3275.50	3103.00	0.94 times
26 Fri Jul 2024	3194.90	2957.60	3257.15	2870.00	2.628 times
19 Fri Jul 2024	2946.35	2950.00	3073.95	2935.10	1.057 times
12 Fri Jul 2024	2948.45	2891.85	2984.00	2846.65	0.592 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
07 Wed Aug 2024	3323.65	3172.05	3329.00	3156.45	0.283 times
31 Wed Jul 2024	3171.75	2796.10	3257.15	2757.90	1.759 times
28 Fri Jun 2024	2791.30	2712.00	2980.00	2570.45	0.713 times
31 Fri May 2024	2696.05	2652.80	2795.00	2519.95	1.349 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 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 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 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 3189.58 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 positive

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