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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 2024-06-05 View latest technical analysis

10 day averaged volume of Torrent Power is 3478234

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1439.40	1405.35	1515.00	1401.05	0.163 times
04 Tue Jun 2024	1398.85	1515.25	1530.10	1295.10	0.256 times
03 Mon Jun 2024	1515.25	1520.00	1545.00	1499.30	0.226 times
31 Fri May 2024	1501.80	1468.00	1563.00	1454.10	6.898 times
30 Thu May 2024	1440.45	1448.85	1476.70	1411.20	0.35 times
29 Wed May 2024	1456.20	1445.95	1473.75	1424.00	0.516 times
28 Tue May 2024	1434.20	1401.80	1458.00	1401.00	0.371 times
27 Mon May 2024	1398.25	1425.00	1460.15	1385.00	0.32 times
24 Fri May 2024	1400.60	1427.95	1464.00	1380.75	0.337 times
23 Thu May 2024	1426.45	1360.00	1449.95	1360.00	0.476 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1454.1 as stoploss in an intra day sell trade for a target of 1400.04. However, stock will show a bullish move above 1454.1.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1045.05
Downside Target	1087.55
Downside Target	1236.95
Downside Target	1295.10
Downside Target	1332.35
Downside Target	1360.00
Upside Target	1464.00
Upside Target	1496.35
Upside 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	1308
Downside Intraday Target	1176.6
Upside Intraday Target	1557.9
Upside Intraday Target	1676.4
Downside Intraday Target	1426.5

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1439.40	1520.00	1545.00	1295.10	0.076 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 down 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
05 Wed Jun 2024	1439.40	1520.00	1545.00	1295.10	0.053 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL. 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.

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. 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1480.95 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. 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.