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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 419384

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	1694.10	1757.50	1762.00	1688.00	1.049 times
07 Thu Nov 2024	1756.05	1797.45	1798.00	1750.00	0.53 times
06 Wed Nov 2024	1788.55	1710.05	1794.95	1710.05	1.844 times
05 Tue Nov 2024	1709.90	1795.00	1795.85	1685.10	2.652 times
04 Mon Nov 2024	1797.70	1828.45	1833.95	1790.00	0.519 times
01 Fri Nov 2024	1825.45	1813.45	1843.00	1813.00	0.129 times
31 Thu Oct 2024	1821.75	1830.00	1844.00	1802.00	0.62 times
30 Wed Oct 2024	1828.15	1847.00	1890.00	1817.70	0.841 times
29 Tue Oct 2024	1842.80	1837.20	1864.15	1828.00	0.708 times
28 Mon Oct 2024	1829.05	1928.95	1938.35	1814.90	1.31 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1675, for a target of 1781.5 or 1870.19

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1450.00
Downside Target	1620.05
Downside Target	1659.80
Upside Target	1753.70
Upside Target	1802.00
Upside Target	1890.00
Upside Target	1908.00
Upside Target	1938.35
Upside Target	1969.90
Upside Target	1984.70
Upside Target	1993.00
Upside Target	2037.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1641.48
Downside Intraday Target	1588.87
Upside Intraday Target	1790.33
Upside Intraday Target	1886.57
Upside Intraday Target	1737.72

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	1694.10	1828.45	1833.95	1685.10	1.828 times
01 Fri Nov 2024	1825.45	1928.95	1938.35	1802.00	0.289 times
25 Fri Oct 2024	1923.80	1978.80	2037.00	1907.10	1.255 times
18 Fri Oct 2024	1973.65	1890.00	1993.00	1890.00	0.62 times
11 Fri Oct 2024	1886.40	1890.80	1984.70	1753.70	3.252 times

Price has moved down 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
08 Fri Nov 2024	1694.10	1813.45	1843.00	1685.10	0.149 times
31 Thu Oct 2024	1821.75	1880.00	2037.00	1753.70	0.787 times
30 Mon Sep 2024	1878.00	1743.50	1969.90	1659.80	1.151 times
30 Fri Aug 2024	1743.50	1865.00	1896.00	1620.05	0.838 times

Scroll below to view daily charts

Price has moved down 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Torrent Power in short term and the sell signal is strong.

Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 1771.87 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.