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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 2024-10-24 View latest technical analysis

10 day averaged volume of Torrent Power is 885911

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	1954.70	1952.30	2005.00	1945.00	1.207 times
23 Wed Oct 2024	1957.00	1945.00	2023.20	1907.10	1.453 times
22 Tue Oct 2024	1952.55	1979.00	2037.00	1918.00	2.372 times
21 Mon Oct 2024	1967.05	1978.80	1991.40	1950.00	0.479 times
18 Fri Oct 2024	1973.65	1932.00	1993.00	1905.05	0.834 times
17 Thu Oct 2024	1939.80	1950.00	1954.20	1922.00	1.227 times
16 Wed Oct 2024	1948.35	1953.20	1974.60	1936.05	0.489 times
15 Tue Oct 2024	1953.20	1946.00	1961.45	1928.00	0.444 times
14 Mon Oct 2024	1940.25	1890.00	1978.00	1890.00	1.718 times
11 Fri Oct 2024	1886.40	1889.00	1900.80	1847.15	0.342 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1958.7 as stoploss in an intra day sell trade for a target of 1909.69. However, stock will show a bullish move above 1958.7.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1295.10
Downside Target	1450.00
Downside Target	1620.05
Downside Target	1753.70
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	1984.70
Upside Target	1993.00
Upside Target	2037.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1895.53
Downside Intraday Target	1836.37
Upside Intraday Target	2025.43
Upside Intraday Target	2096.17
Upside Intraday Target	1966.27

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	1954.70	1978.80	2037.00	1907.10	1.169 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
24 Thu Oct 2024	1954.70	1880.00	2037.00	1753.70	0.711 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 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 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 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 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 1949.94 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.