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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 2024-03-07 View latest technical analysis

10 day averaged volume of Torrent Power is 1593385

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	1144.60	1161.75	1173.40	1140.00	0.328 times
06 Wed Mar 2024	1161.75	1141.95	1174.00	1139.60	0.638 times
05 Tue Mar 2024	1144.70	1145.70	1161.55	1129.25	0.584 times
04 Mon Mar 2024	1145.70	1160.60	1169.85	1138.00	0.799 times
02 Sat Mar 2024	1149.15	1160.00	1172.05	1146.60	0.13 times
01 Fri Mar 2024	1116.25	1087.60	1139.00	1087.55	0.616 times
29 Thu Feb 2024	1077.85	1124.60	1127.75	1064.50	4.071 times
28 Wed Feb 2024	1117.70	1158.85	1197.00	1085.00	1.05 times
27 Tue Feb 2024	1151.15	1119.40	1167.00	1114.50	0.757 times
26 Mon Feb 2024	1116.10	1129.30	1151.00	1102.40	0.578 times

My analysis of stock is bullish for shortterm, and stock might move up till 1167 or till 1200.2. Use a stoploss of 1139.41 and if this stock hits its stoploss, then it can fall down till 1111.79

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	715.35
Downside Target	869.00
Downside Target	930.10
Downside Target	1004.00
Downside Target	1045.05
Downside Target	1111.20
Upside Target	1174.00
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	1124.57
Downside Intraday Target	1104.53
Upside Intraday Target	1169.32
Upside Intraday Target	1194.03
Upside Intraday Target	1149.28

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	1144.60	1160.60	1174.00	1129.25	0.326 times
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

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
07 Thu Mar 2024	1144.60	1087.60	1174.00	1087.55	0.189 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 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 1111.47 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 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.