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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 2024-11-11 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 797791

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	3151.65	3200.05	3203.15	3145.50	0.216 times
08 Fri Nov 2024	3199.85	3151.00	3216.30	3146.10	0.301 times
07 Thu Nov 2024	3162.95	3216.10	3239.10	3148.05	0.309 times
06 Wed Nov 2024	3209.90	3212.80	3242.00	3188.25	0.391 times
05 Tue Nov 2024	3184.15	3200.55	3219.00	3137.90	0.344 times
04 Mon Nov 2024	3200.55	3212.45	3226.45	3155.30	1.44 times
01 Fri Nov 2024	3205.30	3224.00	3224.00	3191.05	0.021 times
31 Thu Oct 2024	3202.65	3148.00	3229.00	3148.00	1.08 times
30 Wed Oct 2024	3137.80	3125.20	3149.75	3084.80	4.275 times
29 Tue Oct 2024	3215.65	3300.00	3300.00	3160.90	0.757 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3174.5, but if it comes above 3174.5, then a intra day buy could be more profitable.
If you take a sell trade below 3174.5, then use 3174.5 as stoploss and 3032.7 as target. However if you take a buy trade in stock , then use 3174.5 as stoploss and 3292.58 as target.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2757.90
Downside Target	3084.80
Upside Target	3296.00
Upside Target	3320.95
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	3130.38
Downside Intraday Target	3109.12
Upside Intraday Target	3188.03
Upside Intraday Target	3224.42
Upside Intraday Target	3166.77

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	3151.65	3200.05	3203.15	3145.50	0.077 times
08 Fri Nov 2024	3199.85	3212.45	3242.00	3137.90	0.386 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

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
11 Mon Nov 2024	3151.65	3224.00	3242.00	3137.90	0.211 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 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 3170.03 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.