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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 2024-05-16 View latest technical analysis

10 day averaged volume of Torrent Power is 665031

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	1338.70	1379.10	1380.00	1331.35	0.865 times
15 Wed May 2024	1365.80	1368.05	1390.80	1357.15	1.461 times
14 Tue May 2024	1359.80	1316.00	1377.00	1316.00	0.947 times
13 Mon May 2024	1315.15	1329.60	1336.25	1296.00	0.601 times
10 Fri May 2024	1326.95	1322.15	1346.45	1299.30	0.775 times
09 Thu May 2024	1321.25	1336.00	1378.30	1303.30	1.233 times
08 Wed May 2024	1330.90	1370.00	1370.00	1325.05	1.225 times
07 Tue May 2024	1373.00	1446.00	1447.60	1362.30	1.439 times
06 Mon May 2024	1440.60	1484.25	1496.35	1425.00	0.985 times
03 Fri May 2024	1484.25	1513.10	1523.00	1476.35	0.695 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1355.6, but if it comes above 1355.6, then a intra day buy could be more profitable.
If you take a sell trade below 1355.6, then use 1355.6 as stoploss and 1260 as target. However if you take a buy trade in stock , then use 1355.6 as stoploss and 1435.34 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	930.10
Downside Target	1045.05
Downside Target	1071.95
Downside Target	1236.95
Downside Target	1296.00
Downside Target	1332.35
Upside Target	1390.80
Upside Target	1470.05
Upside Target	1514.70
Upside Target	1523.00
Upside Target	1555.95
Upside Target	1575.00
Upside Target	1591.50
Upside Target	1633.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1292.87
Downside Intraday Target	1247.03
Upside Intraday Target	1387.67
Upside Intraday Target	1436.63
Upside Intraday Target	1341.83

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	1338.70	1329.60	1390.80	1296.00	0.685 times
10 Fri May 2024	1326.95	1484.25	1496.35	1299.30	1.428 times
03 Fri May 2024	1484.25	1504.70	1575.00	1476.35	1.222 times
26 Fri Apr 2024	1489.80	1519.00	1555.95	1470.05	0.556 times
19 Fri Apr 2024	1501.15	1332.35	1591.50	1332.35	0.735 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
16 Thu May 2024	1338.70	1507.50	1523.00	1296.00	0.321 times
30 Tue Apr 2024	1501.10	1399.00	1633.00	1332.35	0.445 times
28 Thu Mar 2024	1357.95	1087.60	1514.70	1087.55	1.932 times
29 Thu Feb 2024	1077.85	1048.90	1236.95	1045.05	1.551 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 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 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 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 weakening, and bulls 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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 1363.75 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.