Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-28 View latest technical analysis

10 day averaged volume of Torrent Power is 941194

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	1829.05	1928.95	1938.35	1814.90	0.584 times
25 Fri Oct 2024	1923.80	1954.70	1997.95	1907.45	0.378 times
24 Thu Oct 2024	1954.70	1952.30	2005.00	1945.00	1.136 times
23 Wed Oct 2024	1957.00	1945.00	2023.20	1907.10	1.368 times
22 Tue Oct 2024	1952.55	1979.00	2037.00	1918.00	2.233 times
21 Mon Oct 2024	1967.05	1978.80	1991.40	1950.00	0.451 times
18 Fri Oct 2024	1973.65	1932.00	1993.00	1905.05	0.785 times
17 Thu Oct 2024	1939.80	1950.00	1954.20	1922.00	1.155 times
16 Wed Oct 2024	1948.35	1953.20	1974.60	1936.05	0.46 times
15 Tue Oct 2024	1953.20	1946.00	1961.45	1928.00	0.418 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1855.4, but if it comes above 1855.4, then a intra day buy could be more profitable.
If you take a sell trade below 1855.4, then use 1855.4 as stoploss and 1792.8 as target. However if you take a buy trade in stock , then use 1855.4 as stoploss and 1907.48 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
Upside Target	1890.00
Upside Target	1938.35
Upside Target	1949.45
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	1783.18
Downside Intraday Target	1737.32
Upside Intraday Target	1906.63
Upside Intraday Target	1984.22
Upside Intraday Target	1860.77

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	1829.05	1928.95	1938.35	1814.90	0.105 times
25 Fri Oct 2024	1923.80	1978.80	2037.00	1907.10	1.255 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

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
28 Mon Oct 2024	1829.05	1880.00	2037.00	1753.70	0.749 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 down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Torrent Power in short term and SELL 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

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 1945 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.