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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 2024-10-30 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 382448

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	3137.80	3125.20	3149.75	3084.80	8.917 times
29 Tue Oct 2024	3215.65	3300.00	3300.00	3160.90	1.579 times
28 Mon Oct 2024	3316.70	3435.00	3511.80	3300.00	2.255 times
25 Fri Oct 2024	3432.85	3329.95	3448.15	3329.95	1.443 times
24 Thu Oct 2024	3321.30	3325.00	3368.25	3296.00	1.609 times
23 Wed Oct 2024	3318.95	3339.65	3377.90	3307.20	1.055 times
22 Tue Oct 2024	3339.65	3390.05	3402.75	3328.65	0.384 times
21 Mon Oct 2024	3392.50	3454.95	3458.10	3380.00	0.211 times
18 Fri Oct 2024	3449.50	3396.65	3482.65	3386.50	0.489 times
17 Thu Oct 2024	3396.65	3522.00	3522.00	3385.00	0.447 times

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

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 3177.3, for a target of 3301.8 or 3405.51

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2570.45
Downside Target	2757.90
Downside Target	2980.00
Downside Target	3084.80
Upside Target	3156.45
Upside Target	3257.15
Upside Target	3458.10
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	2977.8
Downside Intraday Target	2817.8
Upside Intraday Target	3404.8
Upside Intraday Target	3671.8
Upside Intraday Target	3244.8

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	3137.80	3435.00	3511.80	3084.80	2.712 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	3137.80	3408.50	3590.70	3084.80	1.995 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, and volume has increased substantially. This means that the move can 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 3237.75 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.