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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 2024-12-26 View latest technical analysis

10 day averaged volume of Torrent Power is 896556

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	1468.25	1513.00	1518.45	1459.05	0.358 times
24 Tue Dec 2024	1502.10	1546.00	1550.00	1491.15	0.514 times
23 Mon Dec 2024	1551.35	1479.20	1558.00	1478.90	1.711 times
20 Fri Dec 2024	1479.20	1631.10	1639.05	1444.45	3.293 times
19 Thu Dec 2024	1632.00	1580.00	1636.20	1572.55	0.716 times
18 Wed Dec 2024	1610.30	1624.95	1630.80	1589.45	0.367 times
17 Tue Dec 2024	1624.15	1641.50	1648.70	1610.80	0.457 times
16 Mon Dec 2024	1641.45	1665.00	1670.00	1637.00	0.486 times
13 Fri Dec 2024	1669.20	1675.35	1689.00	1652.60	0.566 times
12 Thu Dec 2024	1688.10	1664.35	1713.75	1625.50	1.147 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1446.4, for a target of 1532.4 or 1603.98

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1444.45
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	1432.2
Downside Intraday Target	1396.15
Upside Intraday Target	1531.15
Upside Intraday Target	1594.05
Upside Intraday Target	1495.1

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	1468.25	1479.20	1558.00	1459.05	0.486 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 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
26 Thu Dec 2024	1468.25	1510.70	1719.85	1444.45	1.637 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 down 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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 and the buying is gaining 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 1560.43 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.