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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 2024-11-04 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 755334

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	3200.55	3212.45	3226.45	3155.30	1.521 times
01 Fri Nov 2024	3205.30	3224.00	3224.00	3191.05	0.022 times
31 Thu Oct 2024	3202.65	3148.00	3229.00	3148.00	1.14 times
30 Wed Oct 2024	3137.80	3125.20	3149.75	3084.80	4.515 times
29 Tue Oct 2024	3215.65	3300.00	3300.00	3160.90	0.8 times
28 Mon Oct 2024	3316.70	3435.00	3511.80	3300.00	1.142 times
25 Fri Oct 2024	3432.85	3329.95	3448.15	3329.95	0.731 times
24 Thu Oct 2024	3321.30	3325.00	3368.25	3296.00	0.815 times
23 Wed Oct 2024	3318.95	3339.65	3377.90	3307.20	0.534 times
22 Tue Oct 2024	3339.65	3390.05	3402.75	3328.65	0.194 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3247.5, but if it comes above 3247.5, then a intra day buy could be more profitable.
If you take a sell trade below 3247.5, then use 3247.5 as stoploss and 3097.7 as target. However if you take a buy trade in stock , then use 3247.5 as stoploss and 3372.4 as target.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2757.90
Downside Target	3084.80
Downside Target	3155.30
Upside Target	3226.45
Upside Target	3385.00
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	3161.75
Downside Intraday Target	3122.95
Upside Intraday Target	3232.9
Upside Intraday Target	3265.25
Downside Intraday Target	3194.1

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	3200.55	3212.45	3226.45	3155.30	0.2 times
01 Fri Nov 2024	3205.30	3435.00	3511.80	3084.80	3.2 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

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
04 Mon Nov 2024	3200.55	3224.00	3226.45	3155.30	0.102 times
31 Thu Oct 2024	3202.65	3408.50	3590.70	3084.80	2.158 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

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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 but selling 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 3220.03 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.