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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)

10 day averaged volume of Torrent Power is 362738

Date Daily Closing Price Open High Low Volume
20 Thu Jun 2024 1596.10 1592.00 1613.80 1587.85 0.427 times
19 Wed Jun 2024 1589.90 1605.00 1610.00 1555.00 0.534 times
18 Tue Jun 2024 1604.45 1606.15 1609.00 1588.00 0.687 times
14 Fri Jun 2024 1599.10 1600.00 1604.85 1576.00 1.131 times
13 Thu Jun 2024 1597.80 1612.00 1633.10 1575.00 1.11 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1580.8, but if it comes below 1580.8, then a intra day sell could be more profitable.
If you take a sell trade below 1580.8, then use 1580.8 as stoploss and 1504.02 as target. However if you take a buy trade in stock , then use 1580.8 as stoploss and 1672.8 as target.

Share price targets for Torrent Power (TORNTPOWER)

Target Type Value
Downside Target 1045.05
Downside Target 1087.55
Downside Target 1236.95
Downside Target 1295.10
Downside Target 1332.35
Downside Target 1385.00
Downside Target 1464.00
Downside Target 1505.00
Downside Target 1545.00
Downside Target 1563.00
Upside Target 1613.80
Upside Target 1633.00
Upside Target 1633.10

Intraday share price targets for Torrent Power (TORNTPOWER)

Target Type Value
Downside Intraday Target 1562.8
Downside Intraday Target 1529.5
Upside Intraday Target 1621.6
Upside Intraday Target 1647.1
Downside Intraday Target 1588.3

Weekly technical analysis of Torrent Power (TORNTPOWER)

Date Weekly Closing Price Open High Low Volume
20 Thu Jun 2024 1596.10 1606.15 1613.80 1555.00 0.249 times
14 Fri Jun 2024 1599.10 1513.00 1633.10 1505.00 0.835 times
07 Fri Jun 2024 1498.00 1520.00 1545.00 1295.10 0.098 times
31 Fri May 2024 1501.80 1425.00 1563.00 1385.00 6.276 times
24 Fri May 2024 1400.60 1385.00 1464.00 1356.65 1.328 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
20 Thu Jun 2024 1596.10 1520.00 1633.10 1295.10 0.139 times
31 Fri May 2024 1501.80 1507.50 1563.00 1296.00 1.879 times
30 Tue Apr 2024 1501.10 1399.00 1633.00 1332.35 0.445 times
28 Thu Mar 2024 1357.95 1087.60 1514.70 1087.55 1.932 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 Power (TORNTPOWER)

Indicator Name Indicator Value Indicator Signal
ADX 23, 19, 9 Buy
MACD 93, 81Buy
Stochastics 85Buy
CCI 58Buy
RSI 45Sell
OBV 27258983Sell
VWAP 1572Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

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 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 Weak 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 1572.43 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.

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