Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

10 day averaged volume of Torrent Pharmaceuticals is 240485

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2537.60	2519.00	2546.00	2505.30	0.496 times
15 Mon Apr 2024	2519.85	2530.50	2574.85	2514.00	0.839 times
12 Fri Apr 2024	2577.70	2580.00	2599.95	2551.60	0.552 times
10 Wed Apr 2024	2578.95	2579.95	2590.20	2556.60	0.729 times
09 Tue Apr 2024	2578.10	2609.80	2609.80	2563.25	0.454 times
08 Mon Apr 2024	2597.30	2595.05	2626.90	2534.50	1.495 times
05 Fri Apr 2024	2577.10	2544.10	2619.30	2544.10	1.38 times
04 Thu Apr 2024	2537.55	2608.95	2608.95	2525.45	0.954 times
03 Wed Apr 2024	2588.65	2666.20	2666.20	2583.15	1.086 times
02 Tue Apr 2024	2668.55	2680.95	2684.95	2641.60	0.753 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2531.7 as stoploss in an intra day buy trade for a target of 2573.95. However, stock will show a bearish move below 2531.7.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2025.70
Downside Target	2288.70
Downside Target	2480.65
Upside Target	2574.85
Upside Target	2602.00
Upside Target	2625.00
Upside Target	2626.90
Upside Target	2689.70
Upside Target	2700.00
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2503.65
Downside Intraday Target	2469.7
Upside Intraday Target	2573.2
Upside Intraday Target	2608.8
Upside Intraday Target	2539.25

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2537.60	2530.50	2574.85	2505.30	0.413 times
12 Fri Apr 2024	2577.70	2595.05	2626.90	2534.50	0.545 times
05 Fri Apr 2024	2577.10	2608.70	2689.70	2525.45	1.537 times
28 Thu Mar 2024	2600.60	2560.25	2625.00	2515.05	0.711 times
22 Fri Mar 2024	2559.80	2602.00	2602.00	2487.80	0.657 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
16 Tue Apr 2024	2537.60	2608.70	2689.70	2505.30	0.417 times
28 Thu Mar 2024	2600.60	2686.10	2744.00	2487.80	1.338 times
29 Thu Feb 2024	2666.10	2537.50	2700.00	2480.65	0.843 times
31 Wed Jan 2024	2531.10	2325.00	2551.80	2288.70	0.835 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 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 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 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 mid to longer 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.

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 moving up

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 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 2578.07 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.