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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 2024-10-15 View latest technical analysis

10 day averaged volume of Torrent Power is 1033122

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	1953.20	1946.00	1961.45	1928.00	0.381 times
14 Mon Oct 2024	1940.25	1890.00	1978.00	1890.00	1.473 times
11 Fri Oct 2024	1886.40	1889.00	1900.80	1847.15	0.293 times
10 Thu Oct 2024	1884.20	1945.00	1949.80	1866.95	0.551 times
09 Wed Oct 2024	1935.15	1901.00	1984.70	1886.05	4.702 times
08 Tue Oct 2024	1816.65	1794.60	1821.95	1753.70	0.493 times
07 Mon Oct 2024	1799.45	1890.80	1900.00	1773.10	0.483 times
04 Fri Oct 2024	1890.70	1857.90	1900.00	1791.00	0.528 times
03 Thu Oct 2024	1857.85	1842.50	1865.00	1830.00	0.286 times
01 Tue Oct 2024	1861.70	1880.00	1887.90	1851.10	0.464 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1926.2, but if it comes below 1926.2, then a intra day sell could be more profitable.
If you take a sell trade below 1926.2, then use 1926.2 as stoploss and 1881.12 as target. However if you take a buy trade in stock , then use 1926.2 as stoploss and 1980.3 as target.

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	1791.00
Downside Target	1850.00
Downside Target	1890.00
Downside Target	1949.45
Upside Target	1957.30
Upside Target	1969.90
Upside Target	1978.00
Upside Target	1984.70

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1902.8
Downside Intraday Target	1852.4
Upside Intraday Target	1990.8
Upside Intraday Target	2028.4
Downside Intraday Target	1940.4

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	1953.20	1890.00	1978.00	1890.00	0.284 times
11 Fri Oct 2024	1886.40	1890.80	1984.70	1753.70	3.252 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

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
15 Tue Oct 2024	1953.20	1880.00	1984.70	1753.70	0.415 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 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 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 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 1911.16 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.