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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 2024-08-02 View latest technical analysis

10 day averaged volume of Torrent Power is 2226116

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	1851.35	1819.55	1875.90	1786.00	0.822 times
01 Thu Aug 2024	1827.30	1865.00	1896.00	1800.00	1.683 times
31 Wed Jul 2024	1866.45	1700.00	1908.00	1669.00	6.861 times
30 Tue Jul 2024	1601.30	1612.00	1639.85	1585.95	0.353 times
29 Mon Jul 2024	1592.20	1569.00	1607.70	1550.05	0.19 times
26 Fri Jul 2024	1556.85	1540.30	1574.00	1536.95	0.121 times
25 Thu Jul 2024	1534.95	1507.80	1543.55	1502.15	0.072 times
24 Wed Jul 2024	1519.45	1504.95	1549.95	1492.05	0.141 times
23 Tue Jul 2024	1493.00	1609.20	1609.20	1456.05	0.26 times
22 Mon Jul 2024	1509.20	1520.20	1548.05	1503.10	0.104 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 1836.2, for a target of 1695.7 or 1578.66

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1332.35
Downside Target	1450.00
Downside Target	1495.65
Downside Target	1609.20
Downside Target	1633.00
Downside Target	1633.10
Downside Target	1687.00
Downside Target	1786.00
Upside Target	1896.00
Upside Target	1908.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1631.6
Downside Intraday Target	1411.85
Upside Intraday Target	1989.55
Upside Intraday Target	2127.75
Downside Intraday Target	1769.8

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	1851.35	1569.00	1908.00	1550.05	14.2 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Torrent Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	1851.35	1865.00	1896.00	1786.00	0.223 times
31 Wed Jul 2024	1866.45	1490.10	1908.00	1450.00	3.094 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

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 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 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 SELL signal for Torrent Power in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 1822.28 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.