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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 2024-12-03 View latest technical analysis

10 day averaged volume of Torrent Power is 1056107

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	1689.10	1604.40	1719.85	1599.05	2.447 times
02 Mon Dec 2024	1586.30	1510.70	1619.80	1506.80	3.14 times
29 Fri Nov 2024	1510.70	1510.00	1556.95	1502.20	0.709 times
28 Thu Nov 2024	1508.10	1539.70	1553.00	1502.75	0.35 times
27 Wed Nov 2024	1532.75	1560.50	1566.85	1522.25	0.45 times
26 Tue Nov 2024	1555.20	1612.00	1617.40	1545.00	0.515 times
25 Mon Nov 2024	1614.40	1540.00	1674.00	1500.00	2.336 times
22 Fri Nov 2024	1517.40	1570.50	1575.40	1486.55	1.051 times
21 Thu Nov 2024	1582.35	1582.00	1592.00	1548.00	0.433 times
19 Tue Nov 2024	1582.40	1590.00	1615.40	1570.00	0.428 times

Stock of Torrent Power (TORNTPOWER) has showed a significant upmove. This could be a good time to enter in this stock!

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 1716.3 as stoploss in an intra day sell trade for a target of 1627.56. However, stock will show a bullish move above 1716.3.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1486.55
Downside Target	1545.70
Downside Target	1615.40
Downside Target	1659.80
Upside Target	1719.85
Upside Target	1720.30
Upside Target	1753.70
Upside Target	1833.95
Upside Target	1843.00
Upside Target	1896.00
Upside Target	1969.90
Upside Target	2037.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1557.32
Downside Intraday Target	1425.53
Upside Intraday Target	1770.37
Upside Intraday Target	1851.63
Downside Intraday Target	1638.58

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	1689.10	1510.70	1719.85	1506.80	1.281 times
29 Fri Nov 2024	1510.70	1540.00	1674.00	1500.00	1.744 times
22 Fri Nov 2024	1517.40	1578.50	1615.40	1486.55	1.412 times
14 Thu Nov 2024	1559.00	1690.00	1720.30	1545.70	0.676 times
08 Fri Nov 2024	1694.10	1828.45	1833.95	1685.10	1.828 times

Price has moved up 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
03 Tue Dec 2024	1689.10	1510.70	1719.85	1506.80	0.494 times
29 Fri Nov 2024	1510.70	1813.45	1843.00	1486.55	0.63 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

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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Torrent Power in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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

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 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 1596.45 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 negative.

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