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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 2024-08-13 View latest technical analysis

10 day averaged volume of Torrent Power is 2740936

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	1712.20	1760.35	1774.90	1703.15	0.149 times
12 Mon Aug 2024	1751.40	1780.10	1790.15	1744.35	0.196 times
09 Fri Aug 2024	1791.50	1779.00	1850.00	1755.05	0.624 times
08 Thu Aug 2024	1747.40	1775.00	1823.55	1732.00	0.301 times
07 Wed Aug 2024	1771.05	1805.00	1828.95	1765.30	0.268 times
06 Tue Aug 2024	1768.05	1780.00	1823.95	1750.05	0.317 times
05 Mon Aug 2024	1763.00	1810.00	1828.95	1743.05	0.4 times
02 Fri Aug 2024	1851.35	1819.55	1875.90	1786.00	0.667 times
01 Thu Aug 2024	1827.30	1865.00	1896.00	1800.00	1.367 times
31 Wed Jul 2024	1866.45	1700.00	1908.00	1669.00	5.573 times

My analysis of stock is bullish for shortterm, and stock might move up till 1791.4 or till 1944.9. Use a stoploss of 1663.57 and if this stock hits its stoploss, then it can fall down till 1535.71

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	1550.05
Downside Target	1609.20
Downside Target	1687.00
Upside Target	1732.00
Upside Target	1790.15
Upside Target	1850.00
Upside Target	1896.00
Upside Target	1908.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1680.18
Downside Intraday Target	1648.17
Upside Intraday Target	1767.18
Upside Intraday Target	1822.17
Upside Intraday Target	1735.17

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	1712.20	1780.10	1790.15	1703.15	0.181 times
09 Fri Aug 2024	1791.50	1810.00	1850.00	1732.00	0.237 times
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

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
13 Tue Aug 2024	1712.20	1865.00	1896.00	1703.15	0.471 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 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 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 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 SELL signal for Torrent Power in short term but the sell signal is initial and weak.

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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1837.06 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. 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.