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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 2024-11-25 View latest technical analysis

10 day averaged volume of Torrent Power is 517240

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	1614.40	1540.00	1674.00	1500.00	4.769 times
22 Fri Nov 2024	1517.40	1570.50	1575.40	1486.55	2.146 times
21 Thu Nov 2024	1582.35	1582.00	1592.00	1548.00	0.884 times
19 Tue Nov 2024	1582.40	1590.00	1615.40	1570.00	0.873 times
18 Mon Nov 2024	1583.10	1578.50	1597.00	1529.00	1.203 times
14 Thu Nov 2024	1559.00	1600.00	1638.30	1545.70	1.914 times
13 Wed Nov 2024	1645.10	1657.50	1692.00	1634.00	0.56 times
12 Tue Nov 2024	1658.70	1691.45	1709.50	1640.00	0.508 times
11 Mon Nov 2024	1680.25	1690.00	1720.30	1676.05	0.633 times
08 Fri Nov 2024	1694.10	1757.50	1762.00	1688.00	0.85 times

Stock of Torrent Power (TORNTPOWER) has showed a significant upmove. This could be a good time to enter in this stock!

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 1598.2 as stoploss in an intra day buy trade for a target of 1712. However, stock will show a bearish move below 1598.2.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1450.00
Downside Target	1486.55
Downside Target	1545.70
Upside Target	1615.40
Upside Target	1659.80
Upside Target	1720.30
Upside Target	1802.00
Upside Target	1843.00
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	1518.27
Downside Intraday Target	1422.13
Upside Intraday Target	1692.27
Upside Intraday Target	1770.13
Downside Intraday Target	1596.13

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	1614.40	1540.00	1674.00	1500.00	0.934 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
08 Fri Nov 2024	1694.10	1828.45	1833.95	1685.10	1.828 times
01 Fri Nov 2024	1825.45	1928.95	1938.35	1802.00	0.289 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
25 Mon Nov 2024	1614.40	1813.45	1843.00	1486.55	0.518 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
30 Fri Aug 2024	1743.50	1865.00	1896.00	1620.05	0.838 times

Scroll below to view daily charts

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)

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 losing momentum.

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

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 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 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

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 1596.35 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 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.