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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.

10 day averaged volume of Torrent Pharmaceuticals is 210894

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	2694.30	2691.90	2702.05	2672.00	0.651 times
24 Wed Apr 2024	2686.45	2639.90	2699.00	2639.90	1.207 times
23 Tue Apr 2024	2637.40	2610.00	2645.55	2583.95	1.356 times
22 Mon Apr 2024	2591.90	2562.10	2616.75	2544.45	1.319 times
19 Fri Apr 2024	2539.40	2540.00	2560.00	2523.05	1.363 times
18 Thu Apr 2024	2546.85	2555.00	2585.50	2532.00	1.254 times
16 Tue Apr 2024	2537.60	2519.00	2546.00	2505.30	0.565 times
15 Mon Apr 2024	2519.85	2530.50	2574.85	2514.00	0.957 times
12 Fri Apr 2024	2577.70	2580.00	2599.95	2551.60	0.63 times
10 Wed Apr 2024	2578.95	2579.95	2590.20	2556.60	0.831 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2705.9, for a target of 2644.8 or 2593.83

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2025.70
Downside Target	2288.70
Downside Target	2480.65
Downside Target	2585.50
Downside Target	2625.00
Downside Target	2626.90
Downside Target	2689.70
Upside Target	2700.00
Upside Target	2702.05
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2591.82
Downside Intraday Target	2489.33
Upside Intraday Target	2749.42
Upside Intraday Target	2804.53
Downside Intraday Target	2646.93

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	2694.30	2562.10	2702.05	2544.45	1.095 times
19 Fri Apr 2024	2539.40	2530.50	2585.50	2505.30	1.124 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

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
25 Thu Apr 2024	2694.30	2608.70	2702.05	2505.30	0.666 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining 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 stronger in this stock.

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

CCI has generated a buy signal for Torrent Pharmaceuticals in short term and BUY 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

Stock of Torrent Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2591.41 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.