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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 2024-12-19 View latest technical analysis

10 day averaged volume of Torrent Power is 715345

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	1632.00	1580.00	1636.20	1572.55	0.898 times
18 Wed Dec 2024	1610.30	1624.95	1630.80	1589.45	0.46 times
17 Tue Dec 2024	1624.15	1641.50	1648.70	1610.80	0.572 times
16 Mon Dec 2024	1641.45	1665.00	1670.00	1637.00	0.609 times
13 Fri Dec 2024	1669.20	1675.35	1689.00	1652.60	0.71 times
12 Thu Dec 2024	1688.10	1664.35	1713.75	1625.50	1.437 times
11 Wed Dec 2024	1668.10	1624.25	1685.05	1612.05	0.931 times
10 Tue Dec 2024	1624.60	1653.70	1654.95	1616.00	1.899 times
09 Mon Dec 2024	1645.95	1655.00	1679.00	1628.85	1.169 times
06 Fri Dec 2024	1648.65	1673.60	1704.00	1635.30	1.5 times

My analysis of stock is bullish for shortterm, and stock might move up till 1673.3 or till 1743.3. Use a stoploss of 1614.92 and if this stock hits its stoploss, then it can fall down till 1556.58

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	1486.55
Downside Target	1572.55
Downside 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	1579.7
Downside Intraday Target	1527.4
Upside Intraday Target	1677.15
Upside Intraday Target	1722.3
Downside Intraday Target	1624.85

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	1632.00	1665.00	1670.00	1572.55	0.413 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
22 Fri Nov 2024	1517.40	1578.50	1615.40	1486.55	1.412 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
19 Thu Dec 2024	1632.00	1510.70	1719.85	1506.80	1.196 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, 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Torrent Power in short term but the buy signal is initial and weak.

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 in or above 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 1647.63 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.