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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 2024-06-21 View latest technical analysis

10 day averaged volume of Torrent Power is 362738

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	1503.45	1595.35	1610.00	1477.00	2.559 times
20 Thu Jun 2024	1596.10	1592.00	1613.80	1587.85	0.427 times
19 Wed Jun 2024	1589.90	1605.00	1610.00	1555.00	0.534 times
18 Tue Jun 2024	1604.45	1606.15	1609.00	1588.00	0.687 times
14 Fri Jun 2024	1599.10	1600.00	1604.85	1576.00	1.131 times
13 Thu Jun 2024	1597.80	1612.00	1633.10	1575.00	1.11 times
12 Wed Jun 2024	1609.00	1595.00	1614.00	1570.05	1.332 times
11 Tue Jun 2024	1581.10	1575.00	1585.00	1547.30	2.484 times
10 Mon Jun 2024	1531.50	1513.00	1550.00	1505.00	0.556 times
07 Fri Jun 2024	1498.00	1465.00	1505.00	1451.25	1.247 times

Stock of Torrent Power (TORNTPOWER) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 1433.2 or till 1343.6. Use a stoploss of 1507.87 and if the stock hits stoploss, then it can shoot up till 1582.52

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
Upside Target	1545.00
Upside Target	1563.00
Upside Target	1613.80
Upside Target	1633.00
Upside Target	1633.10

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1449.03
Downside Intraday Target	1394.62
Upside Intraday Target	1585.83
Upside Intraday Target	1668.22
Upside Intraday Target	1531.42

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	1503.45	1606.15	1613.80	1477.00	0.636 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 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
21 Fri Jun 2024	1503.45	1520.00	1633.10	1295.10	0.161 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Torrent Power in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Torrent Power in short term and SELL 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 1562.32 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.