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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 2024-12-23 View latest technical analysis

10 day averaged volume of Torrent Power is 916459

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	1551.35	1479.20	1558.00	1478.90	1.674 times
20 Fri Dec 2024	1479.20	1631.10	1639.05	1444.45	3.221 times
19 Thu Dec 2024	1632.00	1580.00	1636.20	1572.55	0.701 times
18 Wed Dec 2024	1610.30	1624.95	1630.80	1589.45	0.359 times
17 Tue Dec 2024	1624.15	1641.50	1648.70	1610.80	0.447 times
16 Mon Dec 2024	1641.45	1665.00	1670.00	1637.00	0.476 times
13 Fri Dec 2024	1669.20	1675.35	1689.00	1652.60	0.554 times
12 Thu Dec 2024	1688.10	1664.35	1713.75	1625.50	1.122 times
11 Wed Dec 2024	1668.10	1624.25	1685.05	1612.05	0.727 times
10 Tue Dec 2024	1624.60	1653.70	1654.95	1616.00	1.482 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1546.4 as stoploss in an intra day buy trade for a target of 1609.86. However, stock will show a bearish move below 1546.4.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1444.45
Downside Target	1478.90
Upside Target	1558.00
Upside Target	1612.05
Upside Target	1659.80
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	1500.83
Downside Intraday Target	1450.32
Upside Intraday Target	1579.93
Upside Intraday Target	1608.52
Downside Intraday Target	1529.42

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	1551.35	1479.20	1558.00	1478.90	0.322 times
20 Fri Dec 2024	1479.20	1665.00	1670.00	1444.45	1.085 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

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
23 Mon Dec 2024	1551.35	1510.70	1719.85	1444.45	1.572 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, and volume has increased substantially. This means that the move can 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong and stock is losing momentum.

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

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. 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 1582.27 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.