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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 2024-02-15 View latest technical analysis

10 day averaged volume of Torrent Power is 746787

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	1208.45	1134.00	1236.95	1134.00	3.213 times
14 Wed Feb 2024	1130.80	1117.00	1162.95	1056.95	1.084 times
13 Tue Feb 2024	1119.35	1132.95	1147.75	1108.95	0.608 times
12 Mon Feb 2024	1130.50	1172.70	1194.65	1117.65	0.488 times
09 Fri Feb 2024	1173.45	1140.00	1191.70	1115.25	1.639 times
08 Thu Feb 2024	1204.30	1157.50	1214.50	1142.30	0.629 times
07 Wed Feb 2024	1150.30	1175.00	1209.40	1116.50	1.198 times
06 Tue Feb 2024	1164.85	1125.00	1170.00	1122.05	1.113 times
05 Mon Feb 2024	1121.05	1070.55	1129.35	1069.05	1.224 times
02 Fri Feb 2024	1064.30	1065.00	1098.25	1056.90	0.686 times

Stock of Torrent Power (TORNTPOWER) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1154, but if it comes below 1154, then a intra day sell could be more profitable.
If you take a sell trade below 1154, then use 1154 as stoploss and 1076.24 as target. However if you take a buy trade in stock , then use 1154 as stoploss and 1247.4 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	1071.95
Downside Target	1098.25
Upside Target	1214.50
Upside Target	1236.95

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1097.95
Downside Intraday Target	987.45
Upside Intraday Target	1277.95
Upside Intraday Target	1347.45
Downside Intraday Target	1167.45

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	1208.45	1172.70	1236.95	1056.95	0.929 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 up 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
15 Thu Feb 2024	1208.45	1048.90	1236.95	1045.05	0.585 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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

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

Although the stock is in the BUY zone, but buying 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 1161.28 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.