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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 2024-06-10 View latest technical analysis

10 day averaged volume of Torrent Power is 3228118

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	1531.50	1513.00	1550.00	1505.00	0.062 times
07 Fri Jun 2024	1498.00	1465.00	1505.00	1451.25	0.14 times
06 Thu Jun 2024	1461.95	1453.80	1478.15	1441.10	0.055 times
05 Wed Jun 2024	1439.40	1405.35	1515.00	1401.05	0.176 times
04 Tue Jun 2024	1398.85	1515.25	1530.10	1295.10	0.275 times
03 Mon Jun 2024	1515.25	1520.00	1545.00	1499.30	0.243 times
31 Fri May 2024	1501.80	1468.00	1563.00	1454.10	7.432 times
30 Thu May 2024	1440.45	1448.85	1476.70	1411.20	0.378 times
29 Wed May 2024	1456.20	1445.95	1473.75	1424.00	0.556 times
28 Tue May 2024	1434.20	1401.80	1458.00	1401.00	0.4 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 1543.4, for a target of 1479.6 or 1426.44

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
Downside Target	1464.00
Downside Target	1505.00
Upside Target	1545.00
Upside Target	1550.00
Upside Target	1563.00
Upside Target	1633.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1507.67
Downside Intraday Target	1483.83
Upside Intraday Target	1552.67
Upside Intraday Target	1573.83
Downside Intraday Target	1528.83

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	1531.50	1513.00	1550.00	1505.00	0.07 times
07 Fri Jun 2024	1498.00	1520.00	1545.00	1295.10	0.098 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

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
10 Mon Jun 2024	1531.50	1520.00	1550.00	1295.10	0.073 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 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 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 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 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

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 1490.23 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.