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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 2024-04-08 View latest technical analysis

10 day averaged volume of Torrent Pharmaceuticals is 266393

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	2597.30	2595.05	2626.90	2534.50	1.35 times
05 Fri Apr 2024	2577.10	2544.10	2619.30	2544.10	1.246 times
04 Thu Apr 2024	2537.55	2608.95	2608.95	2525.45	0.861 times
03 Wed Apr 2024	2588.65	2666.20	2666.20	2583.15	0.981 times
02 Tue Apr 2024	2668.55	2680.95	2684.95	2641.60	0.68 times
01 Mon Apr 2024	2675.35	2608.70	2689.70	2608.05	1.586 times
28 Thu Mar 2024	2600.60	2568.75	2625.00	2522.00	1.39 times
27 Wed Mar 2024	2572.40	2594.25	2599.00	2515.05	0.965 times
26 Tue Mar 2024	2570.50	2560.25	2610.00	2548.80	1.128 times
22 Fri Mar 2024	2559.80	2554.40	2575.55	2532.00	0.502 times

My analysis of stock is bearish for shortterm, and stock might move down till 2545.3 or till 2475. Use a stoploss of 2603.88 and if the stock hits stoploss, then it can shoot up till 2662.48

Share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Target	2025.70
Downside Target	2288.70
Downside Target	2480.65
Upside Target	2602.00
Upside Target	2625.00
Upside Target	2626.90
Upside Target	2689.70
Upside Target	2700.00
Upside Target	2744.00

Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)

Target Type	Value
Downside Intraday Target	2545.57
Downside Intraday Target	2493.83
Upside Intraday Target	2637.97
Upside Intraday Target	2678.63
Downside Intraday Target	2586.23

Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	2597.30	2595.05	2626.90	2534.50	0.252 times
05 Fri Apr 2024	2577.10	2608.70	2689.70	2525.45	1.537 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

Price has moved up 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
08 Mon Apr 2024	2597.30	2608.70	2689.70	2525.45	0.295 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Torrent Pharmaceuticals in short term but BUY 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

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 2599.05 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.