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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 2024-10-10 View latest technical analysis

10 day averaged volume of Torrent Power is 1017577

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1884.20	1945.00	1949.80	1866.95	0.56 times
09 Wed Oct 2024	1935.15	1901.00	1984.70	1886.05	4.773 times
08 Tue Oct 2024	1816.65	1794.60	1821.95	1753.70	0.5 times
07 Mon Oct 2024	1799.45	1890.80	1900.00	1773.10	0.491 times
04 Fri Oct 2024	1890.70	1857.90	1900.00	1791.00	0.536 times
03 Thu Oct 2024	1857.85	1842.50	1865.00	1830.00	0.29 times
01 Tue Oct 2024	1861.70	1880.00	1887.90	1851.10	0.472 times
30 Mon Sep 2024	1878.00	1900.00	1949.45	1867.75	0.738 times
27 Fri Sep 2024	1907.80	1934.95	1957.30	1895.05	0.91 times
26 Thu Sep 2024	1889.40	1890.00	1917.00	1852.65	0.736 times

My analysis of stock is bullish for shortterm, and stock might move up till 1913.5 or till 1983. Use a stoploss of 1855.61 and if this stock hits its stoploss, then it can fall down till 1797.7

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1450.00
Downside Target	1620.05
Downside Target	1745.05
Downside Target	1850.00
Upside Target	1896.00
Upside Target	1908.00
Upside Target	1949.45
Upside Target	1957.30
Upside Target	1969.90
Upside Target	1984.70

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1763.7
Downside Intraday Target	1643.2
Upside Intraday Target	1994.7
Upside Intraday Target	2105.2
Downside Intraday Target	1874.2

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1884.20	1890.80	1984.70	1753.70	3.106 times
04 Fri Oct 2024	1890.70	1900.00	1949.45	1791.00	0.539 times
27 Fri Sep 2024	1907.80	1909.25	1957.30	1850.00	0.287 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Torrent Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1884.20	1880.00	1984.70	1753.70	0.322 times
30 Mon Sep 2024	1878.00	1743.50	1969.90	1659.80	1.151 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

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 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 term time period is neutral. A longer time frame might give a better analysis.

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 Strong 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 1901.57 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.