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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 2024-07-11 View latest technical analysis

10 day averaged volume of Torrent Power is 284567

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	1530.10	1545.25	1548.80	1515.10	0.514 times
10 Wed Jul 2024	1545.25	1537.65	1549.95	1500.00	2.699 times
09 Tue Jul 2024	1518.65	1544.60	1549.80	1501.10	1.251 times
08 Mon Jul 2024	1473.30	1518.00	1523.80	1457.25	0.821 times
05 Fri Jul 2024	1509.50	1513.90	1522.00	1490.20	0.399 times
04 Thu Jul 2024	1513.90	1505.00	1517.95	1503.00	0.571 times
03 Wed Jul 2024	1496.90	1476.35	1505.00	1476.35	0.744 times
02 Tue Jul 2024	1473.95	1465.05	1482.05	1455.00	0.716 times
01 Mon Jul 2024	1456.45	1490.10	1498.50	1450.00	1.097 times
28 Fri Jun 2024	1498.40	1520.00	1531.50	1490.10	0.877 times

My analysis of stock is bullish for shortterm, and stock might move up till 1572.1 or till 1626.2. Use a stoploss of 1527.07 and if this stock hits its stoploss, then it can fall down till 1482.02

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	1531.50
Upside Target	1549.95
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	1474.92
Downside Intraday Target	1419.73
Upside Intraday Target	1567.62
Upside Intraday Target	1605.13
Downside Intraday Target	1512.43

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	1530.10	1518.00	1549.95	1457.25	1.498 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 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
11 Thu Jul 2024	1530.10	1490.10	1549.95	1450.00	0.311 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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 green color and prices are above the green cloud Prices appear to be coming down

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

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 1508.32 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.