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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 2024-09-02 View latest technical analysis

10 day averaged volume of Torrent Power is 790755

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1766.15	1743.50	1775.00	1709.00	0.95 times
30 Fri Aug 2024	1743.50	1664.90	1770.00	1658.05	1.835 times
29 Thu Aug 2024	1659.35	1677.80	1690.00	1651.10	0.412 times
28 Wed Aug 2024	1673.55	1694.90	1700.00	1665.95	0.481 times
27 Tue Aug 2024	1688.85	1633.15	1705.90	1633.00	1.051 times
26 Mon Aug 2024	1627.65	1677.00	1686.00	1620.05	0.855 times
23 Fri Aug 2024	1672.00	1704.85	1710.00	1665.90	0.5 times
22 Thu Aug 2024	1698.55	1731.15	1740.00	1688.70	0.606 times
21 Wed Aug 2024	1723.10	1805.00	1818.70	1719.00	1.209 times
20 Tue Aug 2024	1797.35	1678.90	1813.30	1671.25	2.441 times

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 1767.4 as stoploss in an intra day sell trade for a target of 1719.71. However, stock will show a bullish move above 1767.4.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1450.00
Downside Target	1563.00
Downside Target	1620.05
Downside Target	1709.00
Upside Target	1770.00
Upside Target	1775.00
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	1725.1
Downside Intraday Target	1684.05
Upside Intraday Target	1791.1
Upside Intraday Target	1816.05
Downside Intraday Target	1750.05

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1766.15	1743.50	1775.00	1709.00	0.205 times
30 Fri Aug 2024	1743.50	1677.00	1770.00	1620.05	0.863 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

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
02 Mon Sep 2024	1766.15	1743.50	1775.00	1709.00	0.036 times
30 Fri Aug 2024	1743.50	1865.00	1896.00	1620.05	0.838 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

Scroll below to view daily charts

Price has moved up 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 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 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 to mid 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 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 1728.08 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.