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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 2024-07-02 View latest technical analysis

10 day averaged volume of Torrent Power is 310479

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	1473.95	1465.05	1482.05	1455.00	0.657 times
01 Mon Jul 2024	1456.45	1490.10	1498.50	1450.00	1.005 times
28 Fri Jun 2024	1498.40	1520.00	1531.50	1490.10	0.804 times
27 Thu Jun 2024	1519.20	1516.45	1526.45	1492.80	0.757 times
26 Wed Jun 2024	1511.20	1512.85	1523.40	1487.20	0.514 times
25 Tue Jun 2024	1512.85	1495.20	1525.45	1491.80	0.684 times
24 Mon Jun 2024	1491.00	1503.90	1514.00	1473.45	1.322 times
21 Fri Jun 2024	1503.45	1595.35	1610.00	1477.00	2.99 times
20 Thu Jun 2024	1596.10	1592.00	1613.80	1587.85	0.499 times
19 Wed Jun 2024	1589.90	1605.00	1610.00	1555.00	0.624 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1462.6 as stoploss in an intra day buy trade for a target of 1523.68. However, stock will show a bearish move below 1462.6.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1087.55
Downside Target	1295.10
Downside Target	1332.35
Downside Target	1450.00
Upside Target	1514.70
Upside Target	1531.50
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	1449.8
Downside Intraday Target	1425.65
Upside Intraday Target	1498.3
Upside Intraday Target	1522.65
Upside Intraday Target	1474.15

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	1473.95	1490.10	1498.50	1450.00	0.407 times
28 Fri Jun 2024	1498.40	1503.90	1531.50	1473.45	0.83 times
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

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
02 Tue Jul 2024	1473.95	1490.10	1498.50	1450.00	0.064 times
28 Fri Jun 2024	1498.40	1520.00	1633.10	1295.10	0.191 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

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a mid to longer 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

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Power in short term but BUY signal is weak.

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 1507.04 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 has given negative 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.