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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 2024-01-16 View latest technical analysis

10 day averaged volume of Torrent Power is 1132821

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	1008.70	1013.90	1037.50	994.70	0.296 times
15 Mon Jan 2024	1011.35	1017.00	1022.00	987.20	0.344 times
12 Fri Jan 2024	1013.55	1021.00	1023.30	1007.00	0.104 times
11 Thu Jan 2024	1020.30	1023.50	1029.00	1011.25	0.141 times
10 Wed Jan 2024	1021.85	1021.05	1037.80	1014.50	0.331 times
09 Tue Jan 2024	1021.05	1018.50	1025.65	1011.20	0.194 times
08 Mon Jan 2024	1014.75	1038.15	1040.00	1012.00	0.301 times
05 Fri Jan 2024	1038.20	1030.00	1045.00	1015.00	1.004 times
04 Thu Jan 2024	1014.60	1005.00	1071.95	983.00	7.041 times
03 Wed Jan 2024	944.30	939.65	952.90	939.65	0.221 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1015.2 as stoploss in an intra day sell trade for a target of 964.21. However, stock will show a bullish move above 1015.2.

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	894.00
Downside Target	930.10
Downside Target	987.20
Downside Target	1007.00
Upside Target	1037.50
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	984.77
Downside Intraday Target	960.83
Upside Intraday Target	1035.07
Upside Intraday Target	1061.43
Upside Intraday Target	1011.13

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	1008.70	1017.00	1037.50	987.20	0.598 times
12 Fri Jan 2024	1013.55	1038.15	1040.00	1007.00	0.121 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

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
16 Tue Jan 2024	1008.70	944.80	1071.95	930.10	0.929 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 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.

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. Bulls are getting tired and bears are picking up momentum.

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

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 1015.57 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. 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.