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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 2024-12-16 View latest technical analysis

10 day averaged volume of Torrent Power is 1245433

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	1641.45	1665.00	1670.00	1637.00	0.35 times
13 Fri Dec 2024	1669.20	1675.35	1689.00	1652.60	0.408 times
12 Thu Dec 2024	1688.10	1664.35	1713.75	1625.50	0.825 times
11 Wed Dec 2024	1668.10	1624.25	1685.05	1612.05	0.535 times
10 Tue Dec 2024	1624.60	1653.70	1654.95	1616.00	1.091 times
09 Mon Dec 2024	1645.95	1655.00	1679.00	1628.85	0.671 times
06 Fri Dec 2024	1648.65	1673.60	1704.00	1635.30	0.861 times
05 Thu Dec 2024	1664.25	1675.30	1696.30	1655.25	0.41 times
04 Wed Dec 2024	1667.75	1715.00	1715.00	1652.25	0.461 times
03 Tue Dec 2024	1689.10	1604.40	1719.85	1599.05	2.075 times

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 1668.2 as stoploss in an intra day sell trade for a target of 1608.99. However, stock will show a bullish move above 1668.2.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1486.55
Downside Target	1612.05
Upside Target	1674.00
Upside Target	1713.75
Upside Target	1719.85
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	1628.97
Downside Intraday Target	1616.48
Upside Intraday Target	1661.97
Upside Intraday Target	1682.48
Upside Intraday Target	1649.48

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	1641.45	1665.00	1670.00	1637.00	0.099 times
13 Fri Dec 2024	1669.20	1655.00	1713.75	1612.05	0.546 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

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
16 Mon Dec 2024	1641.45	1510.70	1719.85	1506.80	1.08 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 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 short term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 1664.25 and Torrent Power (TORNTPOWER) stock is trading below this level. This means that stock is falling with high volumes. 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.