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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 2024-10-07 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 358089

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	3405.10	3490.00	3520.00	3389.30	0.852 times
04 Fri Oct 2024	3473.55	3404.95	3494.85	3355.05	1.328 times
03 Thu Oct 2024	3392.15	3333.40	3407.25	3333.40	1.158 times
01 Tue Oct 2024	3369.90	3408.50	3433.45	3331.45	1.188 times
30 Mon Sep 2024	3396.55	3456.00	3502.25	3376.60	0.936 times
27 Fri Sep 2024	3482.60	3412.20	3498.60	3395.30	1.665 times
26 Thu Sep 2024	3412.30	3425.00	3449.70	3364.05	0.73 times
25 Wed Sep 2024	3428.05	3490.10	3492.00	3414.05	0.572 times
24 Tue Sep 2024	3470.90	3468.60	3494.90	3456.40	0.479 times
23 Mon Sep 2024	3457.65	3477.95	3520.35	3424.75	0.488 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3390.7 as stoploss in an intra day buy trade for a target of 3428.56. However, stock will show a bearish move below 3390.7.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2570.45
Downside Target	2757.90
Downside Target	2980.00
Downside Target	3156.45
Downside Target	3257.15
Upside Target	3483.05
Upside Target	3502.25
Upside Target	3520.00
Upside Target	3520.35
Upside Target	3525.00
Upside Target	3574.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3356.27
Downside Intraday Target	3307.43
Upside Intraday Target	3486.97
Upside Intraday Target	3568.83
Upside Intraday Target	3438.13

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	3405.10	3490.00	3520.00	3389.30	0.185 times
04 Fri Oct 2024	3473.55	3456.00	3502.25	3331.45	1.172 times
27 Fri Sep 2024	3482.60	3477.95	3520.35	3364.05	1.162 times
20 Fri Sep 2024	3457.80	3460.40	3483.05	3320.95	0.912 times
13 Fri Sep 2024	3451.70	3416.00	3525.00	3364.15	1.313 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
07 Mon Oct 2024	3405.10	3408.50	3520.00	3331.45	0.306 times
30 Mon Sep 2024	3396.55	3503.45	3525.00	3320.95	0.787 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

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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 3429.65 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.