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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 2024-05-30 View latest technical analysis

10 day averaged volume of Torrent Power is 1040747

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	1440.45	1448.85	1476.70	1411.20	1.171 times
29 Wed May 2024	1456.20	1445.95	1473.75	1424.00	1.724 times
28 Tue May 2024	1434.20	1401.80	1458.00	1401.00	1.24 times
27 Mon May 2024	1398.25	1425.00	1460.15	1385.00	1.068 times
24 Fri May 2024	1400.60	1427.95	1464.00	1380.75	1.126 times
23 Thu May 2024	1426.45	1360.00	1449.95	1360.00	1.592 times
22 Wed May 2024	1381.80	1432.05	1459.00	1370.20	0.837 times
21 Tue May 2024	1417.10	1392.00	1437.90	1368.00	0.909 times
18 Sat May 2024	1384.10	1385.00	1399.95	1356.65	0.038 times
17 Fri May 2024	1378.65	1347.85	1397.00	1331.50	0.914 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1436.1, but if it comes below 1436.1, then a intra day sell could be more profitable.
If you take a sell trade below 1436.1, then use 1436.1 as stoploss and 1388.71 as target. However if you take a buy trade in stock , then use 1436.1 as stoploss and 1493 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
Downside Target	1360.00
Upside Target	1464.00
Upside Target	1476.70
Upside Target	1496.35
Upside Target	1514.70
Upside Target	1523.00
Upside Target	1575.00
Upside Target	1633.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1391.4
Downside Intraday Target	1342.35
Upside Intraday Target	1483.1
Upside Intraday Target	1525.75
Downside Intraday Target	1434.05

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	1440.45	1425.00	1476.70	1385.00	1.165 times
24 Fri May 2024	1400.60	1392.00	1464.00	1360.00	1.303 times
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

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
30 Thu May 2024	1440.45	1507.50	1523.00	1296.00	0.812 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 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 Weak and stock is losing 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 red color and prices are in or above the red 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 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 1419.57 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 negative.

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