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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.

10 day averaged volume of Torrent Power is 1619098

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	1862.00	1909.25	1921.10	1850.00	0.34 times
20 Fri Sep 2024	1902.05	1856.35	1920.00	1840.10	0.92 times
19 Thu Sep 2024	1842.35	1932.00	1932.00	1820.00	0.759 times
18 Wed Sep 2024	1932.90	1840.00	1969.90	1803.25	3.812 times
17 Tue Sep 2024	1780.05	1808.00	1900.00	1760.00	2.406 times
16 Mon Sep 2024	1780.80	1769.90	1797.00	1745.05	0.384 times
13 Fri Sep 2024	1763.00	1725.00	1776.00	1718.15	0.41 times
12 Thu Sep 2024	1725.85	1709.00	1742.00	1707.15	0.283 times
11 Wed Sep 2024	1700.30	1690.00	1714.00	1685.25	0.264 times
10 Tue Sep 2024	1688.35	1675.95	1714.10	1675.60	0.371 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1827.7, but if it comes below 1827.7, then a intra day sell could be more profitable.
If you take a sell trade below 1827.7, then use 1827.7 as stoploss and 1749.71 as target. However if you take a buy trade in stock , then use 1827.7 as stoploss and 1921.2 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1450.00
Downside Target	1563.00
Downside Target	1620.05
Downside Target	1745.05
Downside Target	1776.00
Downside Target	1850.00
Upside Target	1896.00
Upside Target	1908.00
Upside Target	1921.10
Upside Target	1969.90

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1834.3
Downside Intraday Target	1806.6
Upside Intraday Target	1905.4
Upside Intraday Target	1948.8
Upside Intraday Target	1877.7

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	1862.00	1909.25	1921.10	1850.00	0.041 times
20 Fri Sep 2024	1902.05	1769.90	1969.90	1745.05	4.817 times
13 Fri Sep 2024	1763.00	1688.05	1776.00	1659.80	0.85 times
06 Fri Sep 2024	1694.85	1743.50	1775.00	1662.30	0.893 times
30 Fri Aug 2024	1743.50	1677.00	1770.00	1620.05	0.863 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 Mon Sep 2024	1862.00	1743.50	1969.90	1659.80	0.957 times
30 Fri Aug 2024	1743.50	1865.00	1896.00	1620.05	0.838 times
31 Wed Jul 2024	1866.45	1490.10	1908.00	1450.00	3.094 times
28 Fri Jun 2024	1498.40	1520.00	1633.10	1295.10	0.191 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.

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 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 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 1849.71 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.