Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

Showing technical analysis as on 2024-03-19 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 382952

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	2501.50	2584.00	2584.00	2487.80	0.962 times
18 Mon Mar 2024	2569.65	2602.00	2602.00	2544.00	1.181 times
15 Fri Mar 2024	2594.45	2711.10	2711.10	2577.00	1.288 times
14 Thu Mar 2024	2690.40	2652.00	2731.00	2643.05	1.479 times
13 Wed Mar 2024	2663.95	2678.30	2690.45	2638.95	1.079 times
12 Tue Mar 2024	2673.95	2697.80	2711.95	2655.05	0.357 times
11 Mon Mar 2024	2697.80	2691.35	2744.00	2664.80	0.98 times
07 Thu Mar 2024	2664.80	2685.50	2693.85	2645.00	1.081 times
06 Wed Mar 2024	2691.20	2684.00	2742.60	2642.40	1.407 times
05 Tue Mar 2024	2661.95	2690.85	2699.00	2648.25	0.522 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2533.6, for a target of 2592.4 or 2641.39

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	1913.35
Downside Target	2025.70
Downside Target	2145.00
Downside Target	2288.70
Downside Target	2480.65
Upside Target	2551.80
Upside Target	2642.40
Upside Target	2668.25
Upside Target	2700.00
Upside Target	2723.95
Upside Target	2742.60
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2458.87
Downside Intraday Target	2416.23
Upside Intraday Target	2573.07
Upside Intraday Target	2644.63
Upside Intraday Target	2530.43

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	2501.50	2602.00	2602.00	2487.80	0.413 times
15 Fri Mar 2024	2594.45	2691.35	2744.00	2577.00	1.426 times
07 Thu Mar 2024	2664.80	2699.55	2742.60	2642.40	1.174 times
02 Sat Mar 2024	2691.50	2626.95	2723.95	2586.65	1.155 times
23 Fri Feb 2024	2626.95	2639.45	2668.25	2576.10	1.461 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
19 Tue Mar 2024	2501.50	2686.10	2744.00	2487.80	1.026 times
29 Thu Feb 2024	2666.10	2537.50	2700.00	2480.65	0.843 times
31 Wed Jan 2024	2531.10	2325.00	2551.80	2288.70	0.835 times
29 Fri Dec 2023	2305.55	2135.00	2310.15	2025.70	1.195 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 Pharmaceuticals (TORNTPHARM)

Price action analysis of Torrent Pharmaceuticals ( (TORNTPHARM) ) 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 Pharmaceuticals ( (TORNTPHARM) ) based on a short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Torrent Pharmaceuticals in short term but the sell signal is initial and weak.

Torrent Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Torrent Pharmaceuticals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 2640.43 and Torrent Pharmaceuticals (TORNTPHARM) 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 Pharmaceuticals (TORNTPHARM) stock. Volume based technical analysis of Torrent Pharmaceuticals (TORNTPHARM) stock is negative.

Torrent Pharmaceuticals 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.