Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-21 View latest technical analysis

10 day averaged volume of Torrent Power is 874439

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	1723.10	1805.00	1818.70	1719.00	1.093 times
20 Tue Aug 2024	1797.35	1678.90	1813.30	1671.25	2.207 times
19 Mon Aug 2024	1672.80	1695.05	1729.70	1657.00	0.553 times
16 Fri Aug 2024	1688.10	1694.00	1733.00	1675.00	1.076 times
14 Wed Aug 2024	1678.60	1718.60	1722.70	1674.00	0.351 times
13 Tue Aug 2024	1712.20	1760.35	1774.90	1703.15	0.466 times
12 Mon Aug 2024	1751.40	1780.10	1790.15	1744.35	0.616 times
09 Fri Aug 2024	1791.50	1779.00	1850.00	1755.05	1.956 times
08 Thu Aug 2024	1747.40	1775.00	1823.55	1732.00	0.942 times
07 Wed Aug 2024	1771.05	1805.00	1828.95	1765.30	0.84 times

My analysis of stock is bullish for shortterm, and stock might move up till 1811.9 or till 1933.2. Use a stoploss of 1710.72 and if this stock hits its stoploss, then it can fall down till 1609.57

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
Upside Target	1732.00
Upside Target	1790.15
Upside Target	1818.70
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	1647.17
Downside Intraday Target	1571.23
Upside Intraday Target	1808.87
Upside Intraday Target	1894.63
Upside Intraday Target	1732.93

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	1723.10	1695.05	1818.70	1657.00	1.536 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, 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
21 Wed Aug 2024	1723.10	1865.00	1896.00	1657.00	0.656 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 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 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 to mid 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 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 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 coming down

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 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 1752.02 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 has given negative 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.