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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 2024-07-23 View latest technical analysis

10 day averaged volume of Torrent Power is 614721

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	1493.00	1609.20	1609.20	1456.05	0.94 times
22 Mon Jul 2024	1509.20	1520.20	1548.05	1503.10	0.376 times
19 Fri Jul 2024	1526.50	1542.70	1589.50	1507.75	0.775 times
18 Thu Jul 2024	1542.70	1551.15	1687.00	1520.00	5.295 times
16 Tue Jul 2024	1545.55	1518.00	1548.70	1507.05	0.609 times
15 Mon Jul 2024	1519.45	1510.05	1525.00	1495.65	0.269 times
12 Fri Jul 2024	1510.05	1522.10	1535.00	1500.15	0.229 times
11 Thu Jul 2024	1530.10	1545.25	1548.80	1515.10	0.238 times
10 Wed Jul 2024	1545.25	1537.65	1549.95	1500.00	1.249 times
09 Tue Jul 2024	1518.65	1544.60	1549.80	1501.10	0.579 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 1487.3 as stoploss in an intra day buy trade for a target of 1510.31. However, stock will show a bearish move below 1487.3.

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
Upside Target	1531.50
Upside Target	1549.95
Upside Target	1563.00
Upside Target	1609.20
Upside Target	1633.00
Upside Target	1633.10
Upside Target	1687.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1429.63
Downside Intraday Target	1366.27
Upside Intraday Target	1582.78
Upside Intraday Target	1672.57
Upside Intraday Target	1519.42

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	1493.00	1520.20	1609.20	1456.05	0.189 times
19 Fri Jul 2024	1526.50	1510.05	1687.00	1495.65	2.597 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

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
23 Tue Jul 2024	1493.00	1490.10	1687.00	1450.00	0.958 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 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 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 BUY. 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 coming down

CCI has generated a SELL signal for Torrent Power in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 1533.45 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.