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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 2024-04-04 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 264533

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2537.55	2608.95	2608.95	2525.45	0.867 times
03 Wed Apr 2024	2588.65	2666.20	2666.20	2583.15	0.988 times
02 Tue Apr 2024	2668.55	2680.95	2684.95	2641.60	0.685 times
01 Mon Apr 2024	2675.35	2608.70	2689.70	2608.05	1.597 times
28 Thu Mar 2024	2600.60	2568.75	2625.00	2522.00	1.4 times
27 Wed Mar 2024	2572.40	2594.25	2599.00	2515.05	0.972 times
26 Tue Mar 2024	2570.50	2560.25	2610.00	2548.80	1.136 times
22 Fri Mar 2024	2559.80	2554.40	2575.55	2532.00	0.506 times
21 Thu Mar 2024	2554.40	2529.85	2561.30	2500.50	0.666 times
20 Wed Mar 2024	2518.95	2519.00	2531.15	2489.30	0.659 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2550.6, but if it comes above 2550.6, then a intra day buy could be more profitable.
If you take a sell trade below 2550.6, then use 2550.6 as stoploss and 2476 as target. However if you take a buy trade in stock , then use 2550.6 as stoploss and 2612.82 as target.

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	2478.77
Downside Intraday Target	2419.98
Upside Intraday Target	2643.02
Upside Intraday Target	2748.48
Upside Intraday Target	2584.23

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2537.55	2608.70	2689.70	2525.45	1.179 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
04 Thu Apr 2024	2537.55	2608.70	2689.70	2525.45	0.181 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 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 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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 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 2593.5 and Torrent Pharmaceuticals (TORNTPHARM) stock is trading below this level. This means that stock is falling with high volumes. 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.