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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 2024-08-26 View latest technical analysis

10 day averaged volume of Torrent Power is 814799

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	1627.65	1677.00	1686.00	1620.05	0.829 times
23 Fri Aug 2024	1672.00	1704.85	1710.00	1665.90	0.485 times
22 Thu Aug 2024	1698.55	1731.15	1740.00	1688.70	0.588 times
21 Wed Aug 2024	1723.10	1805.00	1818.70	1719.00	1.173 times
20 Tue Aug 2024	1797.35	1678.90	1813.30	1671.25	2.369 times
19 Mon Aug 2024	1672.80	1695.05	1729.70	1657.00	0.593 times
16 Fri Aug 2024	1688.10	1694.00	1733.00	1675.00	1.154 times
14 Wed Aug 2024	1678.60	1718.60	1722.70	1674.00	0.377 times
13 Tue Aug 2024	1712.20	1760.35	1774.90	1703.15	0.5 times
12 Mon Aug 2024	1751.40	1780.10	1790.15	1744.35	0.661 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1654.4, but if it comes above 1654.4, then a intra day buy could be more profitable.
If you take a sell trade below 1654.4, then use 1654.4 as stoploss and 1563.6 as target. However if you take a buy trade in stock , then use 1654.4 as stoploss and 1730.07 as target.

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	1620.05
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	1603.13
Downside Intraday Target	1578.62
Upside Intraday Target	1669.08
Upside Intraday Target	1710.52
Upside Intraday Target	1644.57

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	1627.65	1677.00	1686.00	1620.05	0.159 times
23 Fri Aug 2024	1672.00	1695.05	1818.70	1657.00	1.934 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

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
26 Mon Aug 2024	1627.65	1865.00	1896.00	1620.05	0.718 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 to mid 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 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 1721.23 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.