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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 2024-01-23 View latest technical analysis

10 day averaged volume of Torrent Power is 244009

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	984.10	986.50	1004.95	975.55	1.474 times
22 Mon Jan 2024	982.85	990.00	998.40	977.95	0.332 times
19 Fri Jan 2024	988.95	1003.80	1010.90	977.55	1.127 times
18 Thu Jan 2024	997.10	1001.95	1011.75	975.25	0.717 times
17 Wed Jan 2024	1001.90	1007.00	1034.95	992.70	1.281 times
16 Tue Jan 2024	1008.70	1013.90	1037.50	994.70	1.376 times
15 Mon Jan 2024	1011.35	1017.00	1022.00	987.20	1.597 times
12 Fri Jan 2024	1013.55	1021.00	1023.30	1007.00	0.481 times
11 Thu Jan 2024	1020.30	1023.50	1029.00	1011.25	0.653 times
10 Wed Jan 2024	1021.85	1021.05	1037.80	1014.50	1.535 times

My analysis of stock is bearish for shortterm, and stock might move down till 945.3 or till 898. Use a stoploss of 984.77 and if the stock hits stoploss, then it can shoot up till 1024.21

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	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	971.45
Downside Intraday Target	958.8
Upside Intraday Target	1000.85
Upside Intraday Target	1017.6
Upside Intraday Target	988.2

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	984.10	990.00	1004.95	975.55	0.296 times
19 Fri Jan 2024	988.95	1017.00	1037.50	975.25	1.227 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

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
23 Tue Jan 2024	984.10	944.80	1071.95	930.10	1.023 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 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 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 SELL signal for Torrent Power in short term but the sell signal is initial and weak.

Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Power in short term but BUY signal is weak.

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 1003.99 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.