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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.

10 day averaged volume of Torrent Power is 1343225

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1511.35	1522.10	1591.50	1480.00	1.028 times
16 Tue Apr 2024	1507.00	1525.80	1576.10	1497.70	0.57 times
15 Mon Apr 2024	1525.25	1332.35	1556.00	1332.35	0.837 times
12 Fri Apr 2024	1581.00	1570.75	1615.00	1559.85	0.524 times
10 Wed Apr 2024	1570.65	1599.50	1599.95	1563.95	0.594 times
09 Tue Apr 2024	1596.55	1573.00	1633.00	1551.95	1.58 times
08 Mon Apr 2024	1568.40	1504.90	1591.40	1490.00	1.227 times
05 Fri Apr 2024	1490.45	1481.50	1511.00	1467.50	0.965 times
04 Thu Apr 2024	1475.55	1485.00	1513.80	1457.05	0.839 times
03 Wed Apr 2024	1480.80	1460.05	1498.00	1450.00	1.181 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 1553.8 as stoploss in an intra day sell trade for a target of 1429.02. However, stock will show a bullish move above 1553.8.

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	1165.00
Downside Target	1236.95
Downside Target	1274.70
Downside Target	1332.35
Downside Target	1386.05
Downside Target	1490.00
Upside Target	1514.70
Upside Target	1591.50
Upside Target	1633.00

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type	Value
Downside Intraday Target	1365.3
Downside Intraday Target	1219.25
Upside Intraday Target	1624.45
Upside Intraday Target	1737.55
Downside Intraday Target	1478.4

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1511.35	1332.35	1591.50	1332.35	0.621 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
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

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 Power (TORNTPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1511.35	1399.00	1633.00	1332.35	0.356 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 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 Power ( (TORNTPOWER) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.

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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 Power is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1532.66 and Torrent Power (TORNTPOWER) 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 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.