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Stock analysis Torrent Pharmaceuticals Limited TORNTPHARM

More indepth analysis on MunafaSutra.com

Moving Averages for Torrent Pharmaceuticals Limited

  • 5Day Average: 2660.21
  • 12Day Average: 2598.29
  • 20Day Average: 2599.85
  • 50Day Average: 2614.63
  • 100Day Average: 2480.2
  • 150Day Average: 2305.49
  • 200Day Average: 2215.11

TORNTPHARM Indicators & signals

Indicator MACD (12,26,9)

2622.77, 2606.56, 0.31
Indicator MACD is in positive zone

Indicator ADX (14)

33.56, 29.88, 14.87
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TORNTPHARM Torrent Pharmaceuticals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 2691.00 2685.10 to 2729.20 -0.12% 0.69 times
25 Thu Apr 2024 2694.30 2672.00 to 2702.05 0.29% 0.64 times
24 Wed Apr 2024 2686.45 2639.90 to 2699.00 1.86% 1.19 times
23 Tue Apr 2024 2637.40 2583.95 to 2645.55 1.76% 1.34 times
22 Mon Apr 2024 2591.90 2544.45 to 2616.75 2.07% 1.3 times
19 Fri Apr 2024 2539.40 2523.05 to 2560.00 -0.29% 1.35 times
18 Thu Apr 2024 2546.85 2532.00 to 2585.50 0.36% 1.24 times
16 Tue Apr 2024 2537.60 2505.30 to 2546.00 0.7% 0.56 times
15 Mon Apr 2024 2519.85 2514.00 to 2574.85 -2.24% 0.94 times
12 Fri Apr 2024 2577.70 2551.60 to 2599.95 -0.05% 0.62 times
10 Wed Apr 2024 2578.95 2556.60 to 2590.20 0.03% 0.82 times
09 Tue Apr 2024 2578.10 2563.25 to 2609.80 -0.74% 0.51 times

Technical analysis forecast of Torrent Pharmaceuticals Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Torrent Pharmaceuticals Limited TORNTPHARM at this time. Stock is rising and might rise more.

It appears as if Torrent Pharmaceuticals Limited TORNTPHARM gave a large move recently.

Stock of Torrent Pharmaceuticals Limited (TORNTPHARM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Torrent Pharmaceuticals Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Torrent Pharmaceuticals Limited stays above 2665.5, but if it comes below 2665.5, then a intra day sell could be more profitable.
If you take a sell trade below 2665.5, then use 2665.5 as stoploss and 2610.7 as target. However if you take a buy trade in Torrent Pharmaceuticals Limited, then use 2665.5 as stoploss and 2731.2 as target.

More indepth analysis on MunafaSutra.com