Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-18 View latest technical analysis

10 day averaged volume of Torrent Power is 728890

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	1384.10	1385.00	1399.95	1356.65	0.054 times
17 Fri May 2024	1378.65	1347.85	1397.00	1331.50	1.304 times
16 Thu May 2024	1338.70	1379.10	1380.00	1331.35	0.789 times
15 Wed May 2024	1365.80	1368.05	1390.80	1357.15	1.333 times
14 Tue May 2024	1359.80	1316.00	1377.00	1316.00	0.864 times
13 Mon May 2024	1315.15	1329.60	1336.25	1296.00	0.548 times
10 Fri May 2024	1326.95	1322.15	1346.45	1299.30	0.707 times
09 Thu May 2024	1321.25	1336.00	1378.30	1303.30	1.125 times
08 Wed May 2024	1330.90	1370.00	1370.00	1325.05	1.118 times
07 Tue May 2024	1373.00	1446.00	1447.60	1362.30	1.313 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1345.5 as stoploss in an intra day buy trade for a target of 1422.85. However, stock will show a bearish move below 1345.5.

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	1399.95
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	1320.08
Downside Intraday Target	1256.07
Upside Intraday Target	1424.03
Upside Intraday Target	1463.97
Downside Intraday Target	1360.02

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	1384.10	1329.60	1399.95	1296.00	0.948 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
18 Sat May 2024	1384.10	1507.50	1523.00	1296.00	0.365 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 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 Weak and stock is losing momentum.

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

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

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. 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 moving up

CCI has generated a buy signal for Torrent Power in short term and BUY 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 1350.1 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 negative.

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