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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 2024-09-09 View latest technical analysis

10 day averaged volume of Torrent Power is 693722

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	1670.45	1688.05	1711.95	1659.80	0.913 times
06 Fri Sep 2024	1694.85	1677.45	1705.00	1663.00	0.788 times
05 Thu Sep 2024	1673.40	1740.35	1750.00	1662.30	0.758 times
04 Wed Sep 2024	1733.65	1709.00	1741.00	1680.10	1.191 times
03 Tue Sep 2024	1712.85	1766.15	1768.00	1706.60	0.898 times
02 Mon Sep 2024	1766.15	1743.50	1775.00	1709.00	1.083 times
30 Fri Aug 2024	1743.50	1664.90	1770.00	1658.05	2.091 times
29 Thu Aug 2024	1659.35	1677.80	1690.00	1651.10	0.47 times
28 Wed Aug 2024	1673.55	1694.90	1700.00	1665.95	0.548 times
27 Tue Aug 2024	1688.85	1633.15	1705.90	1633.00	1.198 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 1662.1 as stoploss in an intra day buy trade for a target of 1701.92. However, stock will show a bearish move below 1662.1.

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	1711.95
Upside Target	1770.00
Upside Target	1775.00
Upside Target	1790.15
Upside Target	1818.70
Upside Target	1896.00
Upside Target	1908.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1649.52
Downside Intraday Target	1628.58
Upside Intraday Target	1701.67
Upside Intraday Target	1732.88
Upside Intraday Target	1680.73

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	1670.45	1688.05	1711.95	1659.80	0.194 times
06 Fri Sep 2024	1694.85	1743.50	1775.00	1662.30	0.893 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

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
09 Mon Sep 2024	1670.45	1743.50	1775.00	1659.80	0.187 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 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 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 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 Weak 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 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 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 1711.68 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. 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.