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(TORNTPOWER) Torrent Power complete technical analysis [charts+indicators] | Buy/Sell Torrent Power | (TORNTPOWER) share price targets

Complete technical analysis of Torrent Power (TORNTPOWER) by charts plus indicators, forecast predictions and share price targets for Torrent Power (TORNTPOWER)

Torrent Power trades in NSE in Electric Utilities sector.

10 day averaged volume of Torrent Power is 308505

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1509.50	1513.90	1522.00	1490.20	0.368 times
04 Thu Jul 2024	1513.90	1505.00	1517.95	1503.00	0.527 times
03 Wed Jul 2024	1496.90	1476.35	1505.00	1476.35	0.686 times
02 Tue Jul 2024	1473.95	1465.05	1482.05	1455.00	0.661 times
01 Mon Jul 2024	1456.45	1490.10	1498.50	1450.00	1.012 times
28 Fri Jun 2024	1498.40	1520.00	1531.50	1490.10	0.809 times
27 Thu Jun 2024	1519.20	1516.45	1526.45	1492.80	0.762 times
26 Wed Jun 2024	1511.20	1512.85	1523.40	1487.20	0.517 times
25 Tue Jun 2024	1512.85	1495.20	1525.45	1491.80	0.688 times
24 Mon Jun 2024	1491.00	1503.90	1514.00	1473.45	1.331 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 1486.4 as stoploss in an intra day buy trade for a target of 1534.69. However, stock will show a bearish move below 1486.4.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1087.55
Downside Target	1295.10
Downside Target	1332.35
Downside Target	1450.00
Upside Target	1522.00
Upside Target	1531.50
Upside Target	1545.00
Upside Target	1563.00
Upside Target	1613.80
Upside Target	1633.00
Upside Target	1633.10

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1465.67
Downside Intraday Target	1421.83
Upside Intraday Target	1537.67
Upside Intraday Target	1565.83
Downside Intraday Target	1493.83

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1509.50	1490.10	1522.00	1450.00	0.792 times
28 Fri Jun 2024	1498.40	1503.90	1531.50	1473.45	0.83 times
21 Fri Jun 2024	1503.45	1606.15	1613.80	1477.00	0.636 times
14 Fri Jun 2024	1599.10	1513.00	1633.10	1505.00	0.835 times
07 Fri Jun 2024	1498.00	1520.00	1545.00	1295.10	0.098 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 Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1509.50	1490.10	1522.00	1450.00	0.124 times
28 Fri Jun 2024	1498.40	1520.00	1633.10	1295.10	0.191 times
31 Fri May 2024	1501.80	1507.50	1563.00	1296.00	1.879 times
30 Tue Apr 2024	1501.10	1399.00	1633.00	1332.35	0.445 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 Power (TORNTPOWER)

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short 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 Power ( (TORNTPOWER) ) 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 Power ( (TORNTPOWER) ) 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 Power ( (TORNTPOWER) ) based on a mid to longer 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.

ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Torrent Power in short term but the sell signal is initial and weak.

Torrent Power Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1495.03 and Torrent Power (TORNTPOWER) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Torrent Power (TORNTPOWER) stock. Volume based technical analysis of Torrent Power (TORNTPOWER) stock is negative.

Torrent Power 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.