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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 2024-08-14 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 378157

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	3348.75	3383.00	3383.00	3260.90	1.183 times
13 Tue Aug 2024	3363.40	3339.95	3383.90	3310.00	1.092 times
12 Mon Aug 2024	3337.25	3338.40	3363.95	3311.20	0.239 times
09 Fri Aug 2024	3338.40	3339.35	3363.75	3300.10	0.372 times
08 Thu Aug 2024	3333.40	3331.55	3372.85	3300.55	0.766 times
07 Wed Aug 2024	3323.65	3230.05	3329.00	3230.05	0.724 times
06 Tue Aug 2024	3220.55	3173.50	3298.00	3173.05	1.682 times
05 Mon Aug 2024	3167.50	3173.20	3250.00	3156.45	0.658 times
02 Fri Aug 2024	3228.10	3190.00	3275.50	3179.40	1.711 times
01 Thu Aug 2024	3205.00	3172.05	3256.35	3160.05	1.06 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3312.2, but if it comes below 3312.2, then a intra day sell could be more profitable.
If you take a sell trade below 3312.2, then use 3312.2 as stoploss and 3197.33 as target. However if you take a buy trade in stock , then use 3312.2 as stoploss and 3450.1 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	2870.00
Downside Target	2935.10
Downside Target	3073.95
Downside Target	3257.15
Downside Target	3260.90
Downside Target	3275.50
Upside Target	3372.85
Upside Target	3383.90

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3278.47
Downside Intraday Target	3208.18
Upside Intraday Target	3401.47
Upside Intraday Target	3454.18
Downside Intraday Target	3331.18

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	3348.75	3338.40	3383.90	3260.90	0.598 times
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

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
14 Wed Aug 2024	3348.75	3172.05	3383.90	3156.45	0.46 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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.

Torrent Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Torrent Pharmaceuticals in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 3273.46 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.