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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 2024-07-08 View latest technical analysis

10 day averaged volume of Torrent Power is 227045

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	1473.30	1518.00	1523.80	1457.25	1.029 times
05 Fri Jul 2024	1509.50	1513.90	1522.00	1490.20	0.5 times
04 Thu Jul 2024	1513.90	1505.00	1517.95	1503.00	0.716 times
03 Wed Jul 2024	1496.90	1476.35	1505.00	1476.35	0.932 times
02 Tue Jul 2024	1473.95	1465.05	1482.05	1455.00	0.898 times
01 Mon Jul 2024	1456.45	1490.10	1498.50	1450.00	1.375 times
28 Fri Jun 2024	1498.40	1520.00	1531.50	1490.10	1.099 times
27 Thu Jun 2024	1519.20	1516.45	1526.45	1492.80	1.035 times
26 Wed Jun 2024	1511.20	1512.85	1523.40	1487.20	0.702 times
25 Tue Jun 2024	1512.85	1495.20	1525.45	1491.80	0.935 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1483.9, but if it comes above 1483.9, then a intra day buy could be more profitable.
If you take a sell trade below 1483.9, then use 1483.9 as stoploss and 1424.5 as target. However if you take a buy trade in stock , then use 1483.9 as stoploss and 1533.45 as target.

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	1523.80
Upside Target	1531.50
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	1445.77
Downside Intraday Target	1418.23
Upside Intraday Target	1512.32
Upside Intraday Target	1551.33
Upside Intraday Target	1484.78

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	1473.30	1518.00	1523.80	1457.25	0.233 times
05 Fri Jul 2024	1509.50	1490.10	1522.00	1450.00	0.792 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

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
08 Mon Jul 2024	1473.30	1490.10	1523.80	1450.00	0.153 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 neutral. A longer time frame might give a better analysis.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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

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 1493.39 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.