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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 2024-01-18 View latest technical analysis

10 day averaged volume of Torrent Power is 1136388

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	997.10	1001.95	1011.75	975.25	0.154 times
17 Wed Jan 2024	1001.90	1007.00	1034.95	992.70	0.275 times
16 Tue Jan 2024	1008.70	1013.90	1037.50	994.70	0.295 times
15 Mon Jan 2024	1011.35	1017.00	1022.00	987.20	0.343 times
12 Fri Jan 2024	1013.55	1021.00	1023.30	1007.00	0.103 times
11 Thu Jan 2024	1020.30	1023.50	1029.00	1011.25	0.14 times
10 Wed Jan 2024	1021.85	1021.05	1037.80	1014.50	0.33 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	0.3 times
05 Fri Jan 2024	1038.20	1030.00	1045.00	1015.00	1.001 times

My analysis of stock is bullish for shortterm, and stock might move up till 1021 or till 1077.8. Use a stoploss of 973.7 and if this stock hits its stoploss, then it can fall down till 926.38

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	975.25
Upside Target	1004.00
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	969.07
Downside Intraday Target	941.03
Upside Intraday Target	1031.32
Upside Intraday Target	1065.53
Upside Intraday Target	1003.28

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	997.10	1017.00	1037.50	975.25	1 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
18 Thu Jan 2024	997.10	944.80	1071.95	930.10	0.967 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 Weak 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 1020.64 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 has given negative 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.