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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 2024-09-05 View latest technical analysis

10 day averaged volume of Torrent Power is 673922

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	1673.40	1740.35	1750.00	1662.30	0.78 times
04 Wed Sep 2024	1733.65	1709.00	1741.00	1680.10	1.226 times
03 Tue Sep 2024	1712.85	1766.15	1768.00	1706.60	0.925 times
02 Mon Sep 2024	1766.15	1743.50	1775.00	1709.00	1.115 times
30 Fri Aug 2024	1743.50	1664.90	1770.00	1658.05	2.153 times
29 Thu Aug 2024	1659.35	1677.80	1690.00	1651.10	0.483 times
28 Wed Aug 2024	1673.55	1694.90	1700.00	1665.95	0.564 times
27 Tue Aug 2024	1688.85	1633.15	1705.90	1633.00	1.233 times
26 Mon Aug 2024	1627.65	1677.00	1686.00	1620.05	1.003 times
23 Fri Aug 2024	1672.00	1704.85	1710.00	1665.90	0.587 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 1666.3 as stoploss in an intra day buy trade for a target of 1710.6. However, stock will show a bearish move below 1666.3.

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
Upside Target	1732.00
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	1632.13
Downside Intraday Target	1590.87
Upside Intraday Target	1744.83
Upside Intraday Target	1816.27
Upside Intraday Target	1703.57

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	1673.40	1743.50	1775.00	1662.30	0.744 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 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
05 Thu Sep 2024	1673.40	1743.50	1775.00	1662.30	0.13 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 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 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 to mid 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 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 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 tired and bears are picking up momentum.

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 positive zone. This is a BUY 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 1706.2 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.