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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.

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Torrent Power is 1138487

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1038.20	1030.00	1045.00	1015.00	0.999 times
04 Thu Jan 2024	1014.60	1005.00	1071.95	983.00	7.006 times
03 Wed Jan 2024	944.30	939.65	952.90	939.65	0.22 times
02 Tue Jan 2024	937.70	944.45	955.00	930.10	0.318 times
01 Mon Jan 2024	942.45	944.80	949.70	936.00	0.289 times
29 Fri Dec 2023	933.85	921.00	939.95	900.10	0.755 times
28 Thu Dec 2023	919.20	902.95	927.55	899.10	0.391 times
27 Wed Dec 2023	898.70	914.00	923.95	894.00	0.272 times
26 Tue Dec 2023	912.55	915.00	925.00	905.15	0.304 times
22 Fri Dec 2023	913.50	912.00	920.90	897.00	0.179 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 1013.3, for a target of 969.6 or 933.21

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	656.75
Downside Target	691.95
Downside Target	715.35
Downside Target	747.75
Downside Target	869.00
Downside Target	888.00
Downside Target	930.05
Downside Target	973.35
Downside Target	1004.00
Upside Target	1047.00
Upside Target	1071.95

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	954.88
Downside Intraday Target	871.57
Upside Intraday Target	1096.73
Upside Intraday Target	1155.27
Downside Intraday Target	1013.42

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1038.20	944.80	1071.95	930.10	5.13 times
29 Fri Dec 2023	933.85	915.00	939.95	894.00	1.123 times
22 Fri Dec 2023	913.50	900.65	951.00	869.00	0.627 times
15 Fri Dec 2023	897.50	973.00	973.35	888.00	0.482 times
08 Fri Dec 2023	966.65	980.00	1047.00	930.05	0.624 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Torrent Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1038.20	944.80	1071.95	930.10	0.779 times
29 Fri Dec 2023	933.85	965.00	1047.00	869.00	0.77 times
30 Thu Nov 2023	964.00	726.90	1004.00	715.35	2.502 times
31 Tue Oct 2023	726.90	738.05	760.90	691.95	0.647 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 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 Power ( (TORNTPOWER) ) 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 Power ( (TORNTPOWER) ) 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 Power stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Torrent Power 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 Power 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Power in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 994.46 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 rising upwards.

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.