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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 2024-03-02 View latest technical analysis

10 day averaged volume of Torrent Power is 1564017

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	1149.15	1160.00	1172.05	1146.60	0.132 times
01 Fri Mar 2024	1116.25	1087.60	1139.00	1087.55	0.627 times
29 Thu Feb 2024	1077.85	1124.60	1127.75	1064.50	4.147 times
28 Wed Feb 2024	1117.70	1158.85	1197.00	1085.00	1.069 times
27 Tue Feb 2024	1151.15	1119.40	1167.00	1114.50	0.771 times
26 Mon Feb 2024	1116.10	1129.30	1151.00	1102.40	0.588 times
23 Fri Feb 2024	1125.90	1128.00	1153.00	1114.85	0.792 times
22 Thu Feb 2024	1119.25	1127.45	1146.30	1111.20	0.332 times
21 Wed Feb 2024	1124.70	1156.20	1160.00	1120.00	0.446 times
20 Tue Feb 2024	1150.40	1204.05	1234.00	1131.00	0.983 times

My analysis of stock is bullish for shortterm, and stock might move up till 1176.1 or till 1214.4. Use a stoploss of 1144.22 and if this stock hits its stoploss, then it can fall down till 1112.33

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	715.35
Downside Target	869.00
Downside Target	930.10
Downside Target	999.00
Downside Target	1045.05
Downside Target	1111.20
Upside Target	1172.05
Upside Target	1197.00
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	1076.77
Downside Intraday Target	1004.38
Upside Intraday Target	1209.27
Upside Intraday Target	1269.38
Downside Intraday Target	1136.88

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	1149.15	1129.30	1197.00	1064.50	2.623 times
23 Fri Feb 2024	1125.90	1177.10	1234.00	1111.20	0.772 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Torrent Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	1149.15	1087.60	1172.05	1087.55	0.045 times
29 Thu Feb 2024	1077.85	1048.90	1236.95	1045.05	1.551 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

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 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 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.

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

Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 1108.11 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 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.