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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 2024-08-27 View latest technical analysis

10 day averaged volume of Torrent Power is 711339

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1688.85	1633.15	1705.90	1633.00	1.169 times
26 Mon Aug 2024	1627.65	1677.00	1686.00	1620.05	0.95 times
23 Fri Aug 2024	1672.00	1704.85	1710.00	1665.90	0.556 times
22 Thu Aug 2024	1698.55	1731.15	1740.00	1688.70	0.673 times
21 Wed Aug 2024	1723.10	1805.00	1818.70	1719.00	1.344 times
20 Tue Aug 2024	1797.35	1678.90	1813.30	1671.25	2.713 times
19 Mon Aug 2024	1672.80	1695.05	1729.70	1657.00	0.679 times
16 Fri Aug 2024	1688.10	1694.00	1733.00	1675.00	1.322 times
14 Wed Aug 2024	1678.60	1718.60	1722.70	1674.00	0.432 times
13 Tue Aug 2024	1712.20	1760.35	1774.90	1703.15	0.573 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1665.3 as stoploss in an intra day buy trade for a target of 1734.9. However, stock will show a bearish move below 1665.3.

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	1637.3
Downside Intraday Target	1585.75
Upside Intraday Target	1723.15
Upside Intraday Target	1757.45
Downside Intraday Target	1671.6

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1688.85	1677.00	1705.90	1620.05	0.355 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 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
27 Tue Aug 2024	1688.85	1865.00	1896.00	1620.05	0.752 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 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 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 BUY. 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Power in short term but BUY signal is weak.

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 1715.41 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.