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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 2024-12-06 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 419356

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	3332.50	3368.85	3375.90	3302.00	0.727 times
05 Thu Dec 2024	3361.50	3450.00	3455.00	3318.65	0.902 times
04 Wed Dec 2024	3352.65	3366.00	3366.00	3295.00	1 times
03 Tue Dec 2024	3363.10	3350.20	3395.00	3341.60	0.948 times
02 Mon Dec 2024	3339.15	3301.00	3393.60	3301.00	1.247 times
29 Fri Nov 2024	3324.20	3208.10	3333.10	3200.00	1.784 times
28 Thu Nov 2024	3202.95	3224.50	3237.95	3172.45	0.737 times
27 Wed Nov 2024	3224.45	3230.00	3252.95	3168.35	0.677 times
26 Tue Nov 2024	3225.55	3260.00	3275.00	3215.90	0.492 times
25 Mon Nov 2024	3266.60	3206.00	3276.00	3163.60	1.519 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3312.5, but if it comes below 3312.5, then a intra day sell could be more profitable.
If you take a sell trade below 3312.5, then use 3312.5 as stoploss and 3217.33 as target. However if you take a buy trade in stock , then use 3312.5 as stoploss and 3426.8 as target.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	3052.00
Downside Target	3295.00
Downside Target	3320.95
Upside Target	3333.10
Upside Target	3455.00
Upside Target	3525.00
Upside Target	3574.00
Upside Target	3590.70

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	3266.67
Downside Intraday Target	3200.83
Upside Intraday Target	3426.67
Upside Intraday Target	3520.83
Upside Intraday Target	3360.83

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	3332.50	3301.00	3455.00	3295.00	0.926 times
29 Fri Nov 2024	3324.20	3206.00	3333.10	3163.60	2.637 times
22 Fri Nov 2024	3167.10	3103.05	3189.70	3075.25	0.861 times
14 Thu Nov 2024	3102.40	3200.05	3203.15	3052.00	0.433 times
08 Fri Nov 2024	3199.85	3212.45	3242.00	3137.90	0.386 times

Price has moved up 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
06 Fri Dec 2024	3332.50	3301.00	3455.00	3295.00	0.326 times
29 Fri Nov 2024	3324.20	3224.00	3333.10	3052.00	0.544 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

Scroll below to view daily charts

Price has moved up 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 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.

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short to mid 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.

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 Strong and stock is losing momentum.

MACD generated a BUY signal for Torrent Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Torrent Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Torrent Pharmaceuticals in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 3307.33 and Torrent Pharmaceuticals (TORNTPHARM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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