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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 2024-10-16 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 333271

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	3515.35	3497.60	3528.20	3490.00	0.605 times
15 Tue Oct 2024	3497.60	3498.00	3531.75	3477.55	0.867 times
14 Mon Oct 2024	3489.95	3510.05	3510.30	3448.25	0.506 times
11 Fri Oct 2024	3497.05	3480.00	3520.00	3443.00	0.721 times
10 Thu Oct 2024	3443.25	3567.00	3580.00	3405.95	0.883 times
09 Wed Oct 2024	3557.25	3534.00	3590.70	3504.05	1.39 times
08 Tue Oct 2024	3517.45	3415.00	3538.00	3380.90	0.77 times
07 Mon Oct 2024	3405.10	3490.00	3520.00	3389.30	0.915 times
04 Fri Oct 2024	3473.55	3404.95	3494.85	3355.05	1.426 times
03 Thu Oct 2024	3392.15	3333.40	3407.25	3333.40	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 3504.9, but if it comes below 3504.9, then a intra day sell could be more profitable.
If you take a sell trade below 3504.9, then use 3504.9 as stoploss and 3448.8 as target. However if you take a buy trade in stock , then use 3504.9 as stoploss and 3572.2 as target.

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
Downside Target	3502.25
Upside Target	3520.35
Upside Target	3525.00
Upside Target	3531.75
Upside Target	3574.00
Upside Target	3590.70

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3465.15
Downside Intraday Target	3414.95
Upside Intraday Target	3548.65
Upside Intraday Target	3581.95
Downside Intraday Target	3498.45

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	3515.35	3510.05	3531.75	3448.25	0.423 times
11 Fri Oct 2024	3497.05	3490.00	3590.70	3380.90	0.945 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

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
16 Wed Oct 2024	3515.35	3408.50	3590.70	3331.45	0.667 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 3476.86 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.