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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 2024-07-16 View latest technical analysis

10 day averaged volume of Torrent Power is 250163

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	1545.55	1518.00	1548.70	1507.05	1.496 times
15 Mon Jul 2024	1519.45	1510.05	1525.00	1495.65	0.661 times
12 Fri Jul 2024	1510.05	1522.10	1535.00	1500.15	0.563 times
11 Thu Jul 2024	1530.10	1545.25	1548.80	1515.10	0.585 times
10 Wed Jul 2024	1545.25	1537.65	1549.95	1500.00	3.07 times
09 Tue Jul 2024	1518.65	1544.60	1549.80	1501.10	1.423 times
08 Mon Jul 2024	1473.30	1518.00	1523.80	1457.25	0.934 times
05 Fri Jul 2024	1509.50	1513.90	1522.00	1490.20	0.454 times
04 Thu Jul 2024	1513.90	1505.00	1517.95	1503.00	0.65 times
03 Wed Jul 2024	1496.90	1476.35	1505.00	1476.35	0.846 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1549.3 as stoploss in an intra day sell trade for a target of 1515.76. However, stock will show a bullish move above 1549.3.

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
Downside Target	1531.50
Upside Target	1548.70
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	1511.23
Downside Intraday Target	1476.92
Upside Intraday Target	1564.28
Upside Intraday Target	1583.02
Downside Intraday Target	1529.97

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	1545.55	1510.05	1548.70	1495.65	0.328 times
12 Fri Jul 2024	1510.05	1518.00	1549.95	1457.25	1.638 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

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
16 Tue Jul 2024	1545.55	1490.10	1549.95	1450.00	0.395 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Weak and stock is losing 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 stronger in this stock.

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 but selling is losing 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 1523.92 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.