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 2024-11-06 View latest technical analysis

10 day averaged volume of Torrent Power is 555465

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	1788.55	1710.05	1794.95	1710.05	1.392 times
05 Tue Nov 2024	1709.90	1795.00	1795.85	1685.10	2.003 times
04 Mon Nov 2024	1797.70	1828.45	1833.95	1790.00	0.392 times
01 Fri Nov 2024	1825.45	1813.45	1843.00	1813.00	0.097 times
31 Thu Oct 2024	1821.75	1830.00	1844.00	1802.00	0.468 times
30 Wed Oct 2024	1828.15	1847.00	1890.00	1817.70	0.635 times
29 Tue Oct 2024	1842.80	1837.20	1864.15	1828.00	0.534 times
28 Mon Oct 2024	1829.05	1928.95	1938.35	1814.90	0.989 times
25 Fri Oct 2024	1923.80	1954.70	1997.95	1907.45	0.641 times
24 Thu Oct 2024	1954.70	1952.30	2005.00	1945.00	1.924 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1812.5, but if it comes above 1812.5, then a intra day buy could be more profitable.
If you take a sell trade below 1812.5, then use 1812.5 as stoploss and 1724.1 as target. However if you take a buy trade in stock , then use 1812.5 as stoploss and 1886.22 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
Upside Target	1802.00
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	1704.45
Downside Intraday Target	1620.35
Upside Intraday Target	1853.3
Upside Intraday Target	1918.05
Downside Intraday Target	1769.2

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	1788.55	1828.45	1833.95	1685.10	1.39 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
06 Wed Nov 2024	1788.55	1813.45	1843.00	1685.10	0.114 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Torrent Power in short term and the sell signal is strong.

Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Power in short term but BUY 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 1828.86 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.