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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 2024-10-28 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 281559

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	3316.70	3435.00	3511.80	3300.00	3.064 times
25 Fri Oct 2024	3432.85	3329.95	3448.15	3329.95	1.96 times
24 Thu Oct 2024	3321.30	3325.00	3368.25	3296.00	2.185 times
23 Wed Oct 2024	3318.95	3339.65	3377.90	3307.20	1.434 times
22 Tue Oct 2024	3339.65	3390.05	3402.75	3328.65	0.521 times
21 Mon Oct 2024	3392.50	3454.95	3458.10	3380.00	0.286 times
18 Fri Oct 2024	3449.50	3396.65	3482.65	3386.50	0.665 times
17 Thu Oct 2024	3396.65	3522.00	3522.00	3385.00	0.607 times
16 Wed Oct 2024	3515.35	3497.60	3528.20	3490.00	0.716 times
15 Tue Oct 2024	3497.60	3498.00	3531.75	3477.55	1.026 times

Stock of Torrent Pharmaceuticals (TORNTPHARM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3355.3, but if it comes above 3355.3, then a intra day buy could be more profitable.
If you take a sell trade below 3355.3, then use 3355.3 as stoploss and 3270.3 as target. However if you take a buy trade in stock , then use 3355.3 as stoploss and 3426.16 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
Upside Target	3458.10
Upside Target	3502.25
Upside Target	3511.80
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	3240.53
Downside Intraday Target	3164.37
Upside Intraday Target	3452.33
Upside Intraday Target	3587.97
Upside Intraday Target	3376.17

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	3316.70	3435.00	3511.80	3300.00	0.48 times
25 Fri Oct 2024	3432.85	3454.95	3458.10	3296.00	1.768 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

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
28 Mon Oct 2024	3316.70	3408.50	3590.70	3296.00	1.237 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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

Torrent Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 3376.01 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.