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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 2024-09-24 View latest technical analysis

10 day averaged volume of Torrent Power is 1610839

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	1915.30	1866.00	1930.00	1865.00	0.656 times
23 Mon Sep 2024	1862.00	1909.25	1921.10	1850.00	0.342 times
20 Fri Sep 2024	1902.05	1856.35	1920.00	1840.10	0.925 times
19 Thu Sep 2024	1842.35	1932.00	1932.00	1820.00	0.763 times
18 Wed Sep 2024	1932.90	1840.00	1969.90	1803.25	3.832 times
17 Tue Sep 2024	1780.05	1808.00	1900.00	1760.00	2.418 times
16 Mon Sep 2024	1780.80	1769.90	1797.00	1745.05	0.386 times
13 Fri Sep 2024	1763.00	1725.00	1776.00	1718.15	0.412 times
12 Thu Sep 2024	1725.85	1709.00	1742.00	1707.15	0.284 times
11 Wed Sep 2024	1700.30	1690.00	1714.00	1685.25	0.266 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1946.8, for a target of 1845.5 or 1761.04

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	1745.05
Downside Target	1776.00
Downside Target	1850.00
Downside Target	1896.00
Downside Target	1908.00
Upside Target	1930.00
Upside Target	1969.90

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1866.87
Downside Intraday Target	1818.43
Upside Intraday Target	1946.87
Upside Intraday Target	1978.43
Downside Intraday Target	1898.43

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	1915.30	1909.25	1930.00	1850.00	0.12 times
20 Fri Sep 2024	1902.05	1769.90	1969.90	1745.05	4.817 times
13 Fri Sep 2024	1763.00	1688.05	1776.00	1659.80	0.85 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

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
24 Tue Sep 2024	1915.30	1743.50	1969.90	1659.80	1.008 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Torrent Power in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Torrent Power Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and the buying is gaining 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 1859.74 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.