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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 2024-02-12 View latest technical analysis

10 day averaged volume of Torrent Power is 889181

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	1130.50	1172.70	1194.65	1117.65	0.41 times
09 Fri Feb 2024	1173.45	1140.00	1191.70	1115.25	1.376 times
08 Thu Feb 2024	1204.30	1157.50	1214.50	1142.30	0.528 times
07 Wed Feb 2024	1150.30	1175.00	1209.40	1116.50	1.006 times
06 Tue Feb 2024	1164.85	1125.00	1170.00	1122.05	0.935 times
05 Mon Feb 2024	1121.05	1070.55	1129.35	1069.05	1.028 times
02 Fri Feb 2024	1064.30	1065.00	1098.25	1056.90	0.576 times
01 Thu Feb 2024	1051.70	1048.90	1085.00	1045.05	1.117 times
31 Wed Jan 2024	1040.00	1017.65	1069.40	1011.40	2.392 times
30 Tue Jan 2024	1007.95	1004.00	1033.80	1000.00	0.444 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1126.3, but if it comes below 1126.3, then a intra day sell could be more profitable.
If you take a sell trade below 1126.3, then use 1126.3 as stoploss and 1054.4 as target. However if you take a buy trade in stock , then use 1126.3 as stoploss and 1212.6 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	691.95
Downside Target	715.35
Downside Target	760.90
Downside Target	869.00
Downside Target	930.10
Downside Target	971.00
Downside Target	999.00
Downside Target	1037.50
Downside Target	1069.05
Downside Target	1098.25
Downside Target	1117.65
Upside Target	1194.65
Upside Target	1214.50

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1100.55
Downside Intraday Target	1070.6
Upside Intraday Target	1177.55
Upside Intraday Target	1224.6
Upside Intraday Target	1147.6

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	1130.50	1172.70	1194.65	1117.65	0.084 times
09 Fri Feb 2024	1173.45	1070.55	1214.50	1069.05	0.951 times
02 Fri Feb 2024	1064.30	1000.80	1098.25	999.00	4.283 times
25 Thu Jan 2024	1000.80	990.00	1010.90	971.00	0.715 times
19 Fri Jan 2024	988.95	1017.00	1037.50	975.25	1.227 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
12 Mon Feb 2024	1130.50	1048.90	1214.50	1045.05	0.368 times
31 Wed Jan 2024	1040.00	944.80	1071.95	930.10	1.307 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

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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Torrent Power in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1104.35 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.