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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 2024-03-26 View latest technical analysis

10 day averaged volume of Torrent Power is 2976533

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	1405.00	1279.70	1443.90	1274.70	1.441 times
22 Fri Mar 2024	1283.65	1244.45	1296.70	1226.00	0.396 times
21 Thu Mar 2024	1244.45	1235.00	1256.00	1217.05	0.317 times
20 Wed Mar 2024	1220.00	1248.00	1260.00	1187.95	0.792 times
19 Tue Mar 2024	1264.00	1192.20	1281.15	1165.00	1.167 times
18 Mon Mar 2024	1190.35	1189.95	1249.50	1176.00	1.79 times
15 Fri Mar 2024	1155.95	1127.25	1185.00	1115.45	0.264 times
14 Thu Mar 2024	1143.95	1132.40	1151.75	1104.10	0.287 times
13 Wed Mar 2024	1135.95	1205.50	1205.85	1125.00	0.51 times
12 Tue Mar 2024	1198.70	1162.00	1211.70	1144.00	1.269 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1338.4, for a target of 1252.3 or 1180.5

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	1129.25
Downside Target	1165.00
Downside Target	1236.95
Downside Target	1274.70
Downside Target	1287.50
Downside Target	1296.70
Upside Target	1443.90

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1305.17
Downside Intraday Target	1205.33
Upside Intraday Target	1474.37
Upside Intraday Target	1543.73
Downside Intraday Target	1374.53

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	1405.00	1279.70	1443.90	1274.70	0.323 times
22 Fri Mar 2024	1283.65	1189.95	1296.70	1165.00	0.805 times
15 Fri Mar 2024	1155.95	1170.00	1287.50	1104.10	4.403 times
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

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
26 Tue Mar 2024	1405.00	1087.60	1443.90	1087.55	1.49 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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

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 1242.97 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.