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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 2024-01-11 View latest technical analysis

10 day averaged volume of Torrent Power is 1229482

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	1020.30	1023.50	1029.00	1011.25	0.13 times
10 Wed Jan 2024	1021.85	1021.05	1037.80	1014.50	0.305 times
09 Tue Jan 2024	1021.05	1018.50	1025.65	1011.20	0.179 times
08 Mon Jan 2024	1014.75	1038.15	1040.00	1012.00	0.278 times
05 Fri Jan 2024	1038.20	1030.00	1045.00	1015.00	0.925 times
04 Thu Jan 2024	1014.60	1005.00	1071.95	983.00	6.487 times
03 Wed Jan 2024	944.30	939.65	952.90	939.65	0.203 times
02 Tue Jan 2024	937.70	944.45	955.00	930.10	0.295 times
01 Mon Jan 2024	942.45	944.80	949.70	936.00	0.268 times
29 Fri Dec 2023	933.85	921.00	939.95	900.10	0.699 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 999.2, but if it comes below 999.2, then a intra day sell could be more profitable.
If you take a sell trade below 999.2, then use 999.2 as stoploss and 949.58 as target. However if you take a buy trade in stock , then use 999.2 as stoploss and 1058.7 as target.

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	930.10
Downside Target	973.35
Downside Target	1004.00
Downside Target	1011.20
Upside Target	1040.00
Upside Target	1047.00
Upside Target	1071.95

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1007.67
Downside Intraday Target	995.03
Upside Intraday Target	1036.47
Upside Intraday Target	1052.63
Upside Intraday Target	1023.83

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	1020.30	1038.15	1040.00	1011.20	0.109 times
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

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 Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	1020.30	944.80	1071.95	930.10	0.864 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 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 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 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 losing 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 coming down

CCI has generated a SELL signal for Torrent Power 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1005.72 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.