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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 2024-08-09 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 428701

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	3338.40	3339.35	3363.75	3300.10	0.328 times
08 Thu Aug 2024	3333.40	3331.55	3372.85	3300.55	0.676 times
07 Wed Aug 2024	3323.65	3230.05	3329.00	3230.05	0.639 times
06 Tue Aug 2024	3220.55	3173.50	3298.00	3173.05	1.484 times
05 Mon Aug 2024	3167.50	3173.20	3250.00	3156.45	0.58 times
02 Fri Aug 2024	3228.10	3190.00	3275.50	3179.40	1.509 times
01 Thu Aug 2024	3205.00	3172.05	3256.35	3160.05	0.935 times
31 Wed Jul 2024	3171.75	3127.40	3210.85	3122.20	1.496 times
30 Tue Jul 2024	3111.15	3198.65	3239.95	3103.00	0.715 times
29 Mon Jul 2024	3198.40	3195.00	3227.00	3136.70	1.244 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3260.4, but if it comes below 3260.4, then a intra day sell could be more profitable.
If you take a sell trade below 3260.4, then use 3260.4 as stoploss and 3138.72 as target. However if you take a buy trade in stock , then use 3260.4 as stoploss and 3406.3 as target.

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	3372.85

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3205.62
Downside Intraday Target	3072.83
Upside Intraday Target	3422.02
Upside Intraday Target	3505.63
Downside Intraday Target	3289.23

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	3338.40	3173.20	3372.85	3156.45	0.628 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
09 Fri Aug 2024	3338.40	3172.05	3372.85	3156.45	0.338 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 losing 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 SELL signal for Torrent Pharmaceuticals in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 3217.22 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.