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(TORNTPHARM) Torrent Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Torrent Pharmaceuticals | (TORNTPHARM) share price targets

Complete technical analysis of Torrent Pharmaceuticals (TORNTPHARM) by charts plus indicators, forecast predictions and share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Torrent Pharmaceuticals trades in NSE in Pharmaceuticals sector.

10 day averaged volume of Torrent Pharmaceuticals is 220373

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	2670.00	2652.80	2688.40	2642.50	0.424 times
30 Tue Apr 2024	2642.55	2696.00	2712.10	2635.80	0.963 times
29 Mon Apr 2024	2687.45	2696.80	2698.95	2653.50	0.988 times
26 Fri Apr 2024	2691.00	2700.15	2729.20	2685.10	0.666 times
25 Thu Apr 2024	2694.30	2691.90	2702.05	2672.00	0.623 times
24 Wed Apr 2024	2686.45	2639.90	2699.00	2639.90	1.155 times
23 Tue Apr 2024	2637.40	2610.00	2645.55	2583.95	1.298 times
22 Mon Apr 2024	2591.90	2562.10	2616.75	2544.45	1.262 times
19 Fri Apr 2024	2539.40	2540.00	2560.00	2523.05	1.305 times
18 Thu Apr 2024	2546.85	2555.00	2585.50	2532.00	1.2 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2665.2, but if it comes below 2665.2, then a intra day sell could be more profitable.
If you take a sell trade below 2665.2, then use 2665.2 as stoploss and 2607.43 as target. However if you take a buy trade in stock , then use 2665.2 as stoploss and 2734.6 as target.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2288.70
Downside Target	2480.65
Downside Target	2635.80
Downside Target	2642.50
Upside Target	2688.40
Upside Target	2689.70
Upside Target	2700.00
Upside Target	2712.10
Upside Target	2729.20
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2633.17
Downside Intraday Target	2596.33
Upside Intraday Target	2709.47
Upside Intraday Target	2748.93
Upside Intraday Target	2672.63

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2670.00	2696.80	2712.10	2635.80	0.475 times
26 Fri Apr 2024	2691.00	2562.10	2729.20	2544.45	1.263 times
19 Fri Apr 2024	2539.40	2530.50	2585.50	2505.30	1.124 times
12 Fri Apr 2024	2577.70	2595.05	2626.90	2534.50	0.545 times
05 Fri Apr 2024	2577.10	2608.70	2689.70	2525.45	1.537 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 Pharmaceuticals (TORNTPHARM)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2670.00	2652.80	2688.40	2642.50	0.02 times
30 Tue Apr 2024	2642.55	2608.70	2729.20	2505.30	0.761 times
28 Thu Mar 2024	2600.60	2686.10	2744.00	2487.80	1.338 times
29 Thu Feb 2024	2666.10	2537.50	2700.00	2480.65	0.843 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 Pharmaceuticals (TORNTPHARM)

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) 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 Pharmaceuticals ( (TORNTPHARM) ) 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 Pharmaceuticals ( (TORNTPHARM) ) based on a mid to longer 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.

ADX buy sell signal for Torrent Pharmaceuticals stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Torrent Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Torrent Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Pharmaceuticals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 Pharmaceuticals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2627.49 and Torrent Pharmaceuticals (TORNTPHARM) 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 Pharmaceuticals (TORNTPHARM) stock. Volume based technical analysis of Torrent Pharmaceuticals (TORNTPHARM) stock is negative.

Torrent Pharmaceuticals Stock is giving positive 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.