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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 2024-12-12 View latest technical analysis

10 day averaged volume of Torrent Power is 1203730

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	1688.10	1664.35	1713.75	1625.50	0.854 times
11 Wed Dec 2024	1668.10	1624.25	1685.05	1612.05	0.553 times
10 Tue Dec 2024	1624.60	1653.70	1654.95	1616.00	1.128 times
09 Mon Dec 2024	1645.95	1655.00	1679.00	1628.85	0.695 times
06 Fri Dec 2024	1648.65	1673.60	1704.00	1635.30	0.891 times
05 Thu Dec 2024	1664.25	1675.30	1696.30	1655.25	0.424 times
04 Wed Dec 2024	1667.75	1715.00	1715.00	1652.25	0.477 times
03 Tue Dec 2024	1689.10	1604.40	1719.85	1599.05	2.147 times
02 Mon Dec 2024	1586.30	1510.70	1619.80	1506.80	2.755 times
29 Fri Nov 2024	1510.70	1510.00	1556.95	1502.20	0.622 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1662.3, but if it comes below 1662.3, then a intra day sell could be more profitable.
If you take a sell trade below 1662.3, then use 1662.3 as stoploss and 1603.67 as target. However if you take a buy trade in stock , then use 1662.3 as stoploss and 1732.6 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1486.55
Downside Target	1545.70
Downside Target	1612.05
Downside Target	1659.80
Upside Target	1713.75
Upside Target	1719.85
Upside Target	1720.30
Upside Target	1753.70
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	1628.85
Downside Intraday Target	1569.6
Upside Intraday Target	1730.55
Upside Intraday Target	1773
Downside Intraday Target	1671.3

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	1688.10	1655.00	1713.75	1612.05	0.483 times
06 Fri Dec 2024	1648.65	1510.70	1719.85	1506.80	1.75 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

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
12 Thu Dec 2024	1688.10	1510.70	1719.85	1506.80	1.001 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 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 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 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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 1635.42 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.