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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 2024-08-28 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 224171

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	3419.45	3360.05	3451.00	3360.05	2.665 times
27 Tue Aug 2024	3362.00	3342.80	3374.00	3311.00	0.977 times
26 Mon Aug 2024	3342.80	3353.80	3377.00	3311.45	0.608 times
23 Fri Aug 2024	3349.35	3365.00	3391.95	3341.05	0.585 times
22 Thu Aug 2024	3362.60	3353.85	3369.95	3324.05	0.553 times
21 Wed Aug 2024	3350.75	3362.50	3371.50	3338.00	1.148 times
20 Tue Aug 2024	3362.50	3365.00	3379.50	3345.05	0.92 times
19 Mon Aug 2024	3349.35	3348.95	3369.95	3328.05	0.367 times
16 Fri Aug 2024	3348.20	3365.00	3379.95	3293.05	1.005 times
14 Wed Aug 2024	3348.75	3383.00	3383.00	3260.90	1.995 times

Stock of Torrent Pharmaceuticals (TORNTPHARM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3384.6, but if it comes below 3384.6, then a intra day sell could be more profitable.
If you take a sell trade below 3384.6, then use 3384.6 as stoploss and 3314.24 as target. However if you take a buy trade in stock , then use 3384.6 as stoploss and 3469 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	2980.00
Downside Target	3103.00
Downside Target	3257.15
Downside Target	3311.00
Downside Target	3324.05
Downside Target	3372.85
Downside Target	3383.90
Downside Target	3391.95
Upside Target	3451.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3336.63
Downside Intraday Target	3253.82
Upside Intraday Target	3476.63
Upside Intraday Target	3533.82
Downside Intraday Target	3393.82

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	3419.45	3353.80	3451.00	3311.00	1.189 times
23 Fri Aug 2024	3349.35	3348.95	3391.95	3324.05	0.681 times
16 Fri Aug 2024	3348.20	3338.40	3383.90	3260.90	0.74 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

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
28 Wed Aug 2024	3419.45	3172.05	3451.00	3156.45	0.714 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 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 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 SELL signal for Torrent Pharmaceuticals in short term but the sell signal is initial and weak.

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 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 3369.11 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.