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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 2024-02-21 View latest technical analysis

10 day averaged volume of Torrent Power is 1017065

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1124.70	1156.20	1160.00	1120.00	0.686 times
20 Tue Feb 2024	1150.40	1204.05	1234.00	1131.00	1.512 times
19 Mon Feb 2024	1180.45	1177.10	1201.25	1170.10	0.374 times
16 Fri Feb 2024	1173.50	1211.00	1219.00	1162.30	1.61 times
15 Thu Feb 2024	1208.45	1134.00	1236.95	1134.00	2.359 times
14 Wed Feb 2024	1130.80	1117.00	1162.95	1056.95	0.796 times
13 Tue Feb 2024	1119.35	1132.95	1147.75	1108.95	0.447 times
12 Mon Feb 2024	1130.50	1172.70	1194.65	1117.65	0.358 times
09 Fri Feb 2024	1173.45	1140.00	1191.70	1115.25	1.203 times
08 Thu Feb 2024	1204.30	1157.50	1214.50	1142.30	0.462 times

My analysis of stock is bullish for shortterm, and stock might move up till 1179 or till 1261.8. Use a stoploss of 1110.04 and if this stock hits its stoploss, then it can fall down till 1041.04

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	1045.05
Downside Target	1098.25
Downside Target	1120.00
Upside Target	1214.50
Upside Target	1234.00
Upside Target	1236.95

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1085.13
Downside Intraday Target	1045.57
Upside Intraday Target	1199.13
Upside Intraday Target	1273.57
Upside Intraday Target	1159.57

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1124.70	1177.10	1234.00	1120.00	0.462 times
16 Fri Feb 2024	1173.50	1172.70	1236.95	1056.95	1.307 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

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
21 Wed Feb 2024	1124.70	1048.90	1236.95	1045.05	0.837 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below 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 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 1169.14 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.