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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 2024-11-27 View latest technical analysis

10 day averaged volume of Torrent Power is 752080

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	1532.75	1560.50	1566.85	1522.25	0.632 times
26 Tue Nov 2024	1555.20	1612.00	1617.40	1545.00	0.723 times
25 Mon Nov 2024	1614.40	1540.00	1674.00	1500.00	3.28 times
22 Fri Nov 2024	1517.40	1570.50	1575.40	1486.55	1.476 times
21 Thu Nov 2024	1582.35	1582.00	1592.00	1548.00	0.608 times
19 Tue Nov 2024	1582.40	1590.00	1615.40	1570.00	0.6 times
18 Mon Nov 2024	1583.10	1578.50	1597.00	1529.00	0.827 times
14 Thu Nov 2024	1559.00	1600.00	1638.30	1545.70	1.316 times
13 Wed Nov 2024	1645.10	1657.50	1692.00	1634.00	0.385 times
12 Tue Nov 2024	1658.70	1691.45	1709.50	1640.00	0.35 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1570.4, but if it comes above 1570.4, then a intra day buy could be more profitable.
If you take a sell trade below 1570.4, then use 1570.4 as stoploss and 1440.3 as target. However if you take a buy trade in stock , then use 1570.4 as stoploss and 1678.76 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1450.00
Downside Target	1486.55
Upside 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	1463.83
Downside Intraday Target	1394.92
Upside Intraday Target	1637.83
Upside Intraday Target	1742.92
Upside Intraday Target	1568.92

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	1532.75	1540.00	1674.00	1500.00	1.32 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
27 Wed Nov 2024	1532.75	1813.45	1843.00	1486.55	0.571 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 1580.3 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.