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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.

Showing technical analysis as on 2024-04-03 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 283643

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2588.65	2666.20	2666.20	2583.15	0.921 times
02 Tue Apr 2024	2668.55	2680.95	2684.95	2641.60	0.639 times
01 Mon Apr 2024	2675.35	2608.70	2689.70	2608.05	1.489 times
28 Thu Mar 2024	2600.60	2568.75	2625.00	2522.00	1.306 times
27 Wed Mar 2024	2572.40	2594.25	2599.00	2515.05	0.907 times
26 Tue Mar 2024	2570.50	2560.25	2610.00	2548.80	1.059 times
22 Fri Mar 2024	2559.80	2554.40	2575.55	2532.00	0.472 times
21 Thu Mar 2024	2554.40	2529.85	2561.30	2500.50	0.621 times
20 Wed Mar 2024	2518.95	2519.00	2531.15	2489.30	0.614 times
19 Tue Mar 2024	2501.50	2584.00	2584.00	2487.80	1.299 times

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 2558.6 as stoploss in an intra day buy trade for a target of 2620.49. However, stock will show a bearish move below 2558.6.

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2025.70
Downside Target	2288.70
Downside Target	2480.65
Upside Target	2625.00
Upside Target	2642.40
Upside Target	2689.70
Upside Target	2700.00
Upside Target	2742.60
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2551.3
Downside Intraday Target	2513.95
Upside Intraday Target	2657.85
Upside Intraday Target	2727.05
Upside Intraday Target	2620.5

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2588.65	2608.70	2689.70	2583.15	0.932 times
28 Thu Mar 2024	2600.60	2560.25	2625.00	2515.05	0.711 times
22 Fri Mar 2024	2559.80	2602.00	2602.00	2487.80	0.657 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

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
03 Wed Apr 2024	2588.65	2608.70	2689.70	2583.15	0.143 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
31 Wed Jan 2024	2531.10	2325.00	2551.80	2288.70	0.835 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 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 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 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.

Torrent Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.

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

Stock of Torrent Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2585.54 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.