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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 2024-11-04 View latest technical analysis

10 day averaged volume of Torrent Power is 675011

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	1797.70	1828.45	1833.95	1790.00	0.322 times
01 Fri Nov 2024	1825.45	1813.45	1843.00	1813.00	0.08 times
31 Thu Oct 2024	1821.75	1830.00	1844.00	1802.00	0.385 times
30 Wed Oct 2024	1828.15	1847.00	1890.00	1817.70	0.523 times
29 Tue Oct 2024	1842.80	1837.20	1864.15	1828.00	0.44 times
28 Mon Oct 2024	1829.05	1928.95	1938.35	1814.90	0.814 times
25 Fri Oct 2024	1923.80	1954.70	1997.95	1907.45	0.527 times
24 Thu Oct 2024	1954.70	1952.30	2005.00	1945.00	1.584 times
23 Wed Oct 2024	1957.00	1945.00	2023.20	1907.10	1.907 times
22 Tue Oct 2024	1952.55	1979.00	2037.00	1918.00	3.113 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1838.9, but if it comes above 1838.9, then a intra day buy could be more profitable.
If you take a sell trade below 1838.9, then use 1838.9 as stoploss and 1766.8 as target. However if you take a buy trade in stock , then use 1838.9 as stoploss and 1898.88 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1450.00
Downside Target	1620.05
Downside Target	1659.80
Downside Target	1753.70
Downside Target	1790.00
Upside Target	1890.00
Upside Target	1908.00
Upside Target	1938.35
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	1780.48
Downside Intraday Target	1763.27
Upside Intraday Target	1824.43
Upside Intraday Target	1851.17
Upside Intraday Target	1807.22

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	1797.70	1828.45	1833.95	1790.00	0.144 times
01 Fri Nov 2024	1825.45	1928.95	1938.35	1802.00	0.289 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

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
04 Mon Nov 2024	1797.70	1813.45	1843.00	1790.00	0.014 times
31 Thu Oct 2024	1821.75	1880.00	2037.00	1753.70	0.787 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

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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Weak and stock is gaining 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1918.77 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.