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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 2024-06-03 View latest technical analysis

10 day averaged volume of Torrent Power is 3409309

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	1515.25	1520.00	1545.00	1499.30	0.23 times
31 Fri May 2024	1501.80	1468.00	1563.00	1454.10	7.037 times
30 Thu May 2024	1440.45	1448.85	1476.70	1411.20	0.358 times
29 Wed May 2024	1456.20	1445.95	1473.75	1424.00	0.526 times
28 Tue May 2024	1434.20	1401.80	1458.00	1401.00	0.378 times
27 Mon May 2024	1398.25	1425.00	1460.15	1385.00	0.326 times
24 Fri May 2024	1400.60	1427.95	1464.00	1380.75	0.344 times
23 Thu May 2024	1426.45	1360.00	1449.95	1360.00	0.486 times
22 Wed May 2024	1381.80	1432.05	1459.00	1370.20	0.256 times
21 Tue May 2024	1417.10	1392.00	1437.90	1368.00	0.278 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 1515.4, for a target of 1448.8 or 1393.32

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1045.05
Downside Target	1087.55
Downside Target	1236.95
Downside Target	1296.00
Downside Target	1332.35
Downside Target	1360.00
Downside Target	1464.00
Downside Target	1496.35
Downside Target	1514.70
Upside Target	1545.00
Upside Target	1563.00
Upside Target	1633.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1494.7
Downside Intraday Target	1474.15
Upside Intraday Target	1540.4
Upside Intraday Target	1565.55
Upside Intraday Target	1519.85

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	1515.25	1520.00	1545.00	1499.30	0.027 times
31 Fri May 2024	1501.80	1425.00	1563.00	1385.00	6.329 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

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
03 Mon Jun 2024	1515.25	1520.00	1545.00	1499.30	0.019 times
31 Fri May 2024	1501.80	1507.50	1563.00	1296.00	1.879 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

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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Torrent Power is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1479.51 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.