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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 2024-01-17 View latest technical analysis

10 day averaged volume of Torrent Power is 1130140

Date Daily Closing Price Open High Low Volume
17 Wed Jan 2024 1001.90 1007.00 1034.95 992.70 0.277 times
16 Tue Jan 2024 1008.70 1013.90 1037.50 994.70 0.297 times
15 Mon Jan 2024 1011.35 1017.00 1022.00 987.20 0.345 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 0.195 times
08 Mon Jan 2024 1014.75 1038.15 1040.00 1012.00 0.302 times
05 Fri Jan 2024 1038.20 1030.00 1045.00 1015.00 1.006 times
04 Thu Jan 2024 1014.60 1005.00 1071.95 983.00 7.057 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 1018.8 as stoploss in an intra day sell trade for a target of 968.13. However, stock will show a bullish move above 1018.8.

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
Upside 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 980.23
Downside Intraday Target 958.57
Upside Intraday Target 1030.53
Upside Intraday Target 1059.17
Upside Intraday Target 1008.87

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date Weekly Closing Price Open High Low Volume
17 Wed Jan 2024 1001.90 1017.00 1037.50 987.20 0.856 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
17 Wed Jan 2024 1001.90 944.80 1071.95 930.10 0.954 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 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 losing 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 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 and SELL signal is strong!

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 1016.76 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.

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 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 losing 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 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 and SELL signal is strong!

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 1016.76 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.

Click here for Torrent Power charts

Click here for further forecast and predictions for tomorrow

Daily charts

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