(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)
10 day averaged volume of Torrent Pharmaceuticals is 167016
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 2698.70 | 2702.60 | 2718.80 | 2684.40 | 0.444 times |
| 16 Thu May 2024 | 2699.95 | 2648.95 | 2720.00 | 2635.35 | 0.82 times |
| 15 Wed May 2024 | 2648.95 | 2639.05 | 2655.20 | 2619.30 | 0.592 times |
| 14 Tue May 2024 | 2630.65 | 2605.05 | 2637.95 | 2585.15 | 0.78 times |
| 13 Mon May 2024 | 2604.60 | 2609.70 | 2625.00 | 2575.00 | 1.411 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 2702 as stoploss in an intra day sell trade for a target of 2645.32. However, stock will show a bullish move above 2702.
Share price targets for Torrent Pharmaceuticals (TORNTPHARM)
| Target Type | Value |
| Downside Target | 2288.70 |
| Downside Target | 2480.65 |
| Downside Target | 2635.80 |
| Upside Target | 2700.00 |
| Upside Target | 2720.00 |
| Upside Target | 2729.20 |
| Upside Target | 2744.00 |
| Upside Target | 2761.90 |
| Upside Target | 2782.85 |
Intraday share price targets for Torrent Pharmaceuticals (TORNTPHARM)
| Target Type | Value |
| Downside Intraday Target | 2609.13 |
| Downside Intraday Target | 2519.57 |
| Upside Intraday Target | 2754.13 |
| Upside Intraday Target | 2809.57 |
| Downside Intraday Target | 2664.57 |
Weekly technical analysis of Torrent Pharmaceuticals (TORNTPHARM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 2698.70 | 2609.70 | 2720.00 | 2575.00 | 0.68 times |
| 10 Fri May 2024 | 2599.90 | 2750.00 | 2761.90 | 2519.95 | 0.679 times |
| 03 Fri May 2024 | 2734.70 | 2696.80 | 2782.85 | 2635.80 | 1.327 times |
| 26 Fri Apr 2024 | 2691.00 | 2562.10 | 2729.20 | 2544.45 | 1.263 times |
| 19 Fri Apr 2024 | 2539.40 | 2530.50 | 2585.50 | 2505.30 | 1.124 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 |
| 17 Fri May 2024 | 2698.70 | 2652.80 | 2782.85 | 2519.95 | 0.587 times |
| 30 Tue Apr 2024 | 2642.55 | 2608.70 | 2729.20 | 2505.30 | 0.761 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 |
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 Pharmaceuticals (TORNTPHARM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 26, 18, 19 | Buy |
| MACD | 30, 22 | Buy |
| Stochastics | 64 | None |
| CCI | 96 | Buy |
| RSI | 50 | Sell |
| OBV | 1256666 | Sell |
| VWAP | 2631 | Buy |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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 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 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
ADX buy sell signal for Torrent Pharmaceuticals stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Torrent Pharmaceuticals 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 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Torrent Pharmaceuticals in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling 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 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 2630.72 and Torrent Pharmaceuticals (TORNTPHARM) 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 Pharmaceuticals (TORNTPHARM) stock. Volume based technical analysis of Torrent Pharmaceuticals (TORNTPHARM) stock is negative.
Torrent Pharmaceuticals 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.
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