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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 2024-08-20 View latest technical analysis

10 day averaged volume of Torrent Power is 791179

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	1797.35	1678.90	1813.30	1671.25	2.439 times
19 Mon Aug 2024	1672.80	1695.05	1729.70	1657.00	0.611 times
16 Fri Aug 2024	1688.10	1694.00	1733.00	1675.00	1.189 times
14 Wed Aug 2024	1678.60	1718.60	1722.70	1674.00	0.388 times
13 Tue Aug 2024	1712.20	1760.35	1774.90	1703.15	0.515 times
12 Mon Aug 2024	1751.40	1780.10	1790.15	1744.35	0.68 times
09 Fri Aug 2024	1791.50	1779.00	1850.00	1755.05	2.162 times
08 Thu Aug 2024	1747.40	1775.00	1823.55	1732.00	1.042 times
07 Wed Aug 2024	1771.05	1805.00	1828.95	1765.30	0.929 times
06 Tue Aug 2024	1768.05	1780.00	1823.95	1750.05	1.097 times

Stock of Torrent Power (TORNTPOWER) has showed a significant upmove. This could be a good time to enter in this stock!

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 1810.8 as stoploss in an intra day sell trade for a target of 1699.22. However, stock will show a bullish move above 1810.8.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1332.35
Downside Target	1450.00
Downside Target	1550.05
Downside Target	1609.20
Downside Target	1732.00
Downside Target	1790.15
Upside Target	1813.30
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	1698.47
Downside Intraday Target	1599.58
Upside Intraday Target	1854.77
Upside Intraday Target	1912.18
Downside Intraday Target	1755.88

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	1797.35	1695.05	1813.30	1657.00	1.1 times
16 Fri Aug 2024	1688.10	1780.10	1790.15	1674.00	0.419 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

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
20 Tue Aug 2024	1797.35	1865.00	1896.00	1657.00	0.618 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.

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 LOWS in short term which reflects strong selling momentum. 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

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 1756.77 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.