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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 2024-04-29 View latest technical analysis

10 day averaged volume of Torrent Power is 673304

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1534.90	1504.70	1557.00	1494.25	1.031 times
26 Fri Apr 2024	1489.80	1517.95	1519.95	1485.50	0.338 times
25 Thu Apr 2024	1509.80	1522.40	1532.65	1501.00	0.455 times
24 Wed Apr 2024	1515.10	1516.50	1534.40	1496.00	0.551 times
23 Tue Apr 2024	1504.55	1491.00	1555.95	1488.25	1.178 times
22 Mon Apr 2024	1476.60	1519.00	1531.20	1470.05	0.677 times
19 Fri Apr 2024	1501.15	1512.00	1531.85	1477.00	0.897 times
18 Thu Apr 2024	1511.35	1522.10	1591.50	1480.00	2.052 times
16 Tue Apr 2024	1507.00	1525.80	1576.10	1497.70	1.138 times
15 Mon Apr 2024	1525.25	1332.35	1556.00	1332.35	1.67 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1557.5 as stoploss in an intra day sell trade for a target of 1504.24. However, stock will show a bullish move above 1557.5.

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	1236.95
Downside Target	1332.35
Downside Target	1386.05
Downside Target	1470.05
Downside Target	1514.70
Upside Target	1555.95
Upside Target	1557.00
Upside Target	1591.50
Upside Target	1633.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1500.43
Downside Intraday Target	1465.97
Upside Intraday Target	1563.18
Upside Intraday Target	1591.47
Downside Intraday Target	1528.72

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1534.90	1504.70	1557.00	1494.25	0.322 times
26 Fri Apr 2024	1489.80	1519.00	1555.95	1470.05	0.556 times
19 Fri Apr 2024	1501.15	1332.35	1591.50	1332.35	0.735 times
12 Fri Apr 2024	1581.00	1504.90	1633.00	1490.00	0.558 times
05 Fri Apr 2024	1490.45	1399.00	1513.80	1386.05	0.596 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
29 Mon Apr 2024	1534.90	1399.00	1633.00	1332.35	0.424 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Torrent Power ( (TORNTPOWER) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

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

Torrent Power 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 1510.94 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 falling down

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 has given negative 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.