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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)

10 day averaged volume of Torrent Power is 483591

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 1582.35 1582.00 1592.00 1548.00 0.945 times
19 Tue Nov 2024 1582.40 1590.00 1615.40 1570.00 0.934 times
18 Mon Nov 2024 1583.10 1578.50 1597.00 1529.00 1.286 times
14 Thu Nov 2024 1559.00 1600.00 1638.30 1545.70 2.047 times
13 Wed Nov 2024 1645.10 1657.50 1692.00 1634.00 0.599 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1629.9, but if it comes above 1629.9, then a intra day buy could be more profitable.
If you take a sell trade below 1629.9, then use 1629.9 as stoploss and 1492.4 as target. However if you take a buy trade in stock , then use 1629.9 as stoploss and 1744.55 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type Value
Downside Target 1450.00
Downside Target 1529.00
Upside Target 1615.40
Upside Target 1659.80
Upside Target 1720.30
Upside Target 1802.00
Upside Target 1843.00
Upside Target 1890.00
Upside Target 1896.00
Upside Target 1908.00
Upside Target 1938.35
Upside Target 1969.90
Upside Target 2037.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type Value
Downside Intraday Target 1535.77
Downside Intraday Target 1489.18
Upside Intraday Target 1622.17
Upside Intraday Target 1661.98
Downside Intraday Target 1575.58

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 1582.35 1578.50 1615.40 1529.00 0.819 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 4.148 times
01 Fri Nov 2024 1825.45 1847.00 1890.00 1802.00 0.556 times
30 Wed Oct 2024 1828.15 1928.95 1938.35 1814.90 0.229 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
21 Thu Nov 2024 1582.35 1813.45 1843.00 1529.00 0.323 times
31 Thu Oct 2024 1821.75 1880.00 2037.00 1753.70 0.801 times
30 Mon Sep 2024 1878.00 1743.50 1969.90 1659.80 1.151 times
30 Fri Aug 2024 1743.50 1865.00 1896.00 1620.05 0.838 times

Price has moved down 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)

Indicator Name Indicator Value Indicator Signal
ADX 7, 37, 67 Sell
MACD -117, -89Sell
Stochastics 19Sell
CCI -88Sell
RSI 53Buy
OBV -4323865Sell
VWAP 1643Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 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 weakening, and bulls 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 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 1643.33 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.

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