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

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

Torrent Power trades in NSE in Electric Utilities sector.

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

10 day averaged volume of Torrent Power is 3083527

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1475.55	1485.00	1513.80	1457.05	0.366 times
03 Wed Apr 2024	1480.80	1460.05	1498.00	1450.00	0.515 times
02 Tue Apr 2024	1465.45	1424.00	1485.00	1408.35	0.733 times
01 Mon Apr 2024	1422.50	1399.00	1463.00	1386.05	1.03 times
28 Thu Mar 2024	1357.95	1420.00	1449.00	1331.10	0.936 times
27 Wed Mar 2024	1420.05	1391.95	1514.70	1365.05	2.816 times
26 Tue Mar 2024	1405.00	1279.70	1443.90	1274.70	1.391 times
22 Fri Mar 2024	1283.65	1244.45	1296.70	1226.00	0.382 times
21 Thu Mar 2024	1244.45	1235.00	1256.00	1217.05	0.306 times
20 Wed Mar 2024	1220.00	1248.00	1260.00	1187.95	0.764 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1398.9, but if it comes below 1398.9, then a intra day sell could be more profitable.
If you take a sell trade below 1398.9, then use 1398.9 as stoploss and 1273.73 as target. However if you take a buy trade in stock , then use 1398.9 as stoploss and 1549.1 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Target	869.00
Downside Target	930.10
Downside Target	1045.05
Downside Target	1071.95
Downside Target	1129.25
Downside Target	1165.00
Downside Target	1236.95
Downside Target	1274.70
Downside Target	1386.05
Upside Target	1513.80
Upside Target	1514.70

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1403.13
Downside Intraday Target	1330.72
Upside Intraday Target	1530.88
Upside Intraday Target	1586.22
Downside Intraday Target	1458.47

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1475.55	1399.00	1513.80	1386.05	0.514 times
28 Thu Mar 2024	1357.95	1279.70	1514.70	1274.70	1.194 times
22 Fri Mar 2024	1283.65	1189.95	1296.70	1165.00	0.805 times
15 Fri Mar 2024	1155.95	1170.00	1287.50	1104.10	4.403 times
07 Thu Mar 2024	1144.60	1160.60	1174.00	1129.25	0.326 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 Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1475.55	1399.00	1513.80	1386.05	0.161 times
28 Thu Mar 2024	1357.95	1087.60	1514.70	1087.55	1.932 times
29 Thu Feb 2024	1077.85	1048.90	1236.95	1045.05	1.551 times
31 Wed Jan 2024	1040.00	944.80	1071.95	930.10	1.307 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 Power (TORNTPOWER)

Price action analysis of Torrent Power ( (TORNTPOWER) ) 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 Power ( (TORNTPOWER) ) 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 Power ( (TORNTPOWER) ) 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 Power stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Torrent Power 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 Power 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 above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1392.94 and Torrent Power (TORNTPOWER) 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 Power (TORNTPOWER) stock. Volume based technical analysis of Torrent Power (TORNTPOWER) stock is negative.

Torrent Power Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.