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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 2024-10-22 View latest technical analysis

10 day averaged volume of Torrent Power is 1083675

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	1952.55	1979.00	2037.00	1918.00	1.939 times
21 Mon Oct 2024	1967.05	1978.80	1991.40	1950.00	0.391 times
18 Fri Oct 2024	1973.65	1932.00	1993.00	1905.05	0.682 times
17 Thu Oct 2024	1939.80	1950.00	1954.20	1922.00	1.003 times
16 Wed Oct 2024	1948.35	1953.20	1974.60	1936.05	0.4 times
15 Tue Oct 2024	1953.20	1946.00	1961.45	1928.00	0.363 times
14 Mon Oct 2024	1940.25	1890.00	1978.00	1890.00	1.404 times
11 Fri Oct 2024	1886.40	1889.00	1900.80	1847.15	0.279 times
10 Thu Oct 2024	1884.20	1945.00	1949.80	1866.95	0.525 times
09 Wed Oct 2024	1935.15	1901.00	1984.70	1886.05	4.482 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1951, but if it comes below 1951, then a intra day sell could be more profitable.
If you take a sell trade below 1951, then use 1951 as stoploss and 1904.22 as target. However if you take a buy trade in stock , then use 1951 as stoploss and 2007.2 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	1753.70
Downside Target	1791.00
Downside Target	1850.00
Downside Target	1890.00
Upside Target	1957.30
Upside Target	1969.90
Upside Target	1984.70
Upside Target	1993.00
Upside Target	2037.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1901.37
Downside Intraday Target	1850.18
Upside Intraday Target	2020.37
Upside Intraday Target	2088.18
Upside Intraday Target	1969.18

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	1952.55	1978.80	2037.00	1918.00	0.605 times
18 Fri Oct 2024	1973.65	1890.00	1993.00	1890.00	0.62 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

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
22 Tue Oct 2024	1952.55	1880.00	2037.00	1753.70	0.613 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 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 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 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.

Torrent Power Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 and the buying is gaining 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 1940.01 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.