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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 2024-07-29 View latest technical analysis

10 day averaged volume of Torrent Power is 596571

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	1592.20	1569.00	1607.70	1550.05	0.711 times
26 Fri Jul 2024	1556.85	1540.30	1574.00	1536.95	0.453 times
25 Thu Jul 2024	1534.95	1507.80	1543.55	1502.15	0.268 times
24 Wed Jul 2024	1519.45	1504.95	1549.95	1492.05	0.527 times
23 Tue Jul 2024	1493.00	1609.20	1609.20	1456.05	0.969 times
22 Mon Jul 2024	1509.20	1520.20	1548.05	1503.10	0.388 times
19 Fri Jul 2024	1526.50	1542.70	1589.50	1507.75	0.799 times
18 Thu Jul 2024	1542.70	1551.15	1687.00	1520.00	5.456 times
16 Tue Jul 2024	1545.55	1518.00	1548.70	1507.05	0.627 times
15 Mon Jul 2024	1519.45	1510.05	1525.00	1495.65	0.277 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1585.6, for a target of 1548.9 or 1518.4

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	1495.65
Downside Target	1563.00
Upside Target	1607.70
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	1558.93
Downside Intraday Target	1525.67
Upside Intraday Target	1616.58
Upside Intraday Target	1640.97
Downside Intraday Target	1583.32

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	1592.20	1569.00	1607.70	1550.05	0.273 times
26 Fri Jul 2024	1556.85	1520.20	1609.20	1456.05	0.364 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

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
29 Mon Jul 2024	1592.20	1490.10	1687.00	1450.00	1.103 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 weakening, and bulls are picking up momentum!

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 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 1537.79 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 negative.

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