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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 2024-09-19 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 204616

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	3351.90	3348.10	3394.85	3320.95	1.272 times
18 Wed Sep 2024	3359.60	3467.00	3476.50	3348.25	0.979 times
17 Tue Sep 2024	3453.25	3468.90	3476.70	3444.45	0.716 times
16 Mon Sep 2024	3453.90	3460.40	3483.05	3440.65	0.407 times
13 Fri Sep 2024	3451.70	3480.80	3498.80	3424.45	0.977 times
12 Thu Sep 2024	3461.45	3460.00	3525.00	3450.30	1.901 times
11 Wed Sep 2024	3435.55	3455.00	3470.00	3420.10	0.986 times
10 Tue Sep 2024	3426.15	3385.00	3492.80	3385.00	1.799 times
09 Mon Sep 2024	3431.10	3416.00	3443.45	3364.15	0.832 times
06 Fri Sep 2024	3416.70	3454.50	3465.00	3407.85	0.511 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3378, but if it comes above 3378, then a intra day buy could be more profitable.
If you take a sell trade below 3378, then use 3378 as stoploss and 3327.9 as target. However if you take a buy trade in stock , then use 3378 as stoploss and 3419.79 as target.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2519.95
Downside Target	2570.45
Downside Target	2757.90
Downside Target	2980.00
Downside Target	3156.45
Downside Target	3257.15
Upside Target	3395.00
Upside Target	3483.05
Upside Target	3523.00
Upside Target	3525.00
Upside Target	3574.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3287.55
Downside Intraday Target	3223.2
Upside Intraday Target	3449.65
Upside Intraday Target	3547.4
Upside Intraday Target	3385.3

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	3351.90	3460.40	3483.05	3320.95	0.519 times
13 Fri Sep 2024	3451.70	3416.00	3525.00	3364.15	1.313 times
06 Fri Sep 2024	3416.70	3503.45	3523.00	3395.00	0.478 times
30 Fri Aug 2024	3485.15	3353.80	3574.00	3311.00	2.643 times
23 Fri Aug 2024	3349.35	3348.95	3391.95	3324.05	0.681 times

Price has moved down 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
19 Thu Sep 2024	3351.90	3503.45	3525.00	3320.95	0.45 times
30 Fri Aug 2024	3485.15	3172.05	3574.00	3156.45	0.863 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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Torrent Pharmaceuticals in short term but the sell signal is initial and weak.

Torrent Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Torrent Pharmaceuticals in short term and SELL 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

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 3423.42 and Torrent Pharmaceuticals (TORNTPHARM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.