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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 2024-10-22 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 235260

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	3339.65	3390.05	3402.75	3328.65	0.624 times
21 Mon Oct 2024	3392.50	3454.95	3458.10	3380.00	0.342 times
18 Fri Oct 2024	3449.50	3396.65	3482.65	3386.50	0.795 times
17 Thu Oct 2024	3396.65	3522.00	3522.00	3385.00	0.727 times
16 Wed Oct 2024	3515.35	3497.60	3528.20	3490.00	0.857 times
15 Tue Oct 2024	3497.60	3498.00	3531.75	3477.55	1.229 times
14 Mon Oct 2024	3489.95	3510.05	3510.30	3448.25	0.717 times
11 Fri Oct 2024	3497.05	3480.00	3520.00	3443.00	1.022 times
10 Thu Oct 2024	3443.25	3567.00	3580.00	3405.95	1.251 times
09 Wed Oct 2024	3557.25	3534.00	3590.70	3504.05	1.969 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3322.8, for a target of 3390.2 or 3446.37

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	3458.10
Upside 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	3292.83
Downside Intraday Target	3246.02
Upside Intraday Target	3422.28
Upside Intraday Target	3504.92
Upside Intraday Target	3375.47

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	3339.65	3454.95	3458.10	3328.65	0.224 times
18 Fri Oct 2024	3449.50	3510.05	3531.75	3385.00	0.652 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

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
22 Tue Oct 2024	3339.65	3408.50	3590.70	3328.65	0.778 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 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 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 SELL. 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.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 3477.93 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.