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 2024-06-18 View latest technical analysis

10 day averaged volume of Torrent Power is 527257

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	1604.45	1606.15	1609.00	1588.00	0.473 times
14 Fri Jun 2024	1599.10	1600.00	1604.85	1576.00	0.778 times
13 Thu Jun 2024	1597.80	1612.00	1633.10	1575.00	0.764 times
12 Wed Jun 2024	1609.00	1595.00	1614.00	1570.05	0.916 times
11 Tue Jun 2024	1581.10	1575.00	1585.00	1547.30	1.709 times
10 Mon Jun 2024	1531.50	1513.00	1550.00	1505.00	0.382 times
07 Fri Jun 2024	1498.00	1465.00	1505.00	1451.25	0.858 times
06 Thu Jun 2024	1461.95	1453.80	1478.15	1441.10	0.339 times
05 Wed Jun 2024	1439.40	1405.35	1515.00	1401.05	1.077 times
04 Tue Jun 2024	1398.85	1515.25	1530.10	1295.10	1.687 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1561.1, but if it comes below 1561.1, then a intra day sell could be more profitable.
If you take a sell trade below 1561.1, then use 1561.1 as stoploss and 1484.66 as target. However if you take a buy trade in stock , then use 1561.1 as stoploss and 1652.9 as target.

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
Downside Target	1545.00
Downside Target	1588.00
Upside Target	1609.00
Upside Target	1633.00
Upside Target	1633.10

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1591.97
Downside Intraday Target	1579.48
Upside Intraday Target	1612.97
Upside Intraday Target	1621.48
Downside Intraday Target	1600.48

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	1604.45	1606.15	1609.00	1588.00	0.104 times
14 Fri Jun 2024	1599.10	1513.00	1633.10	1505.00	0.835 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

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 Tue Jun 2024	1604.45	1520.00	1633.10	1295.10	0.131 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 gaining 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 green color and prices are above 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

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 1522.39 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.