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Stock analysis Torrent Power Limited TORNTPOWER

More indepth analysis on MunafaSutra.com

Moving Averages for Torrent Power Limited

  • 5Day Average: 1499.17
  • 12Day Average: 1524.07
  • 20Day Average: 1498.5
  • 50Day Average: 1300.58
  • 100Day Average: 1147.05
  • 150Day Average: 1017.97
  • 200Day Average: 928.04

TORNTPOWER Indicators & signals

Indicator MACD (12,26,9)

1497.79, 1437.07, 76.72
Indicator MACD is in positive zone

Indicator ADX (14)

8.74, 21.15, 17.75
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
26 Fri Apr 2024 1489.80 1485.50 to 1519.95 -1.32% 0.31 times
25 Thu Apr 2024 1509.80 1501.00 to 1532.65 -0.35% 0.42 times
24 Wed Apr 2024 1515.10 1496.00 to 1534.40 0.7% 0.51 times
23 Tue Apr 2024 1504.55 1488.25 to 1555.95 1.89% 1.09 times
22 Mon Apr 2024 1476.60 1470.05 to 1531.20 -1.64% 0.62 times
19 Fri Apr 2024 1501.15 1477.00 to 1531.85 -0.67% 0.83 times
18 Thu Apr 2024 1511.35 1480.00 to 1591.50 0.29% 1.89 times
16 Tue Apr 2024 1507.00 1497.70 to 1576.10 -1.2% 1.05 times
15 Mon Apr 2024 1525.25 1332.35 to 1556.00 -3.53% 1.54 times
12 Fri Apr 2024 1581.00 1559.85 to 1615.00 0.66% 0.96 times
10 Wed Apr 2024 1570.65 1563.95 to 1599.95 -1.62% 1.09 times
09 Tue Apr 2024 1596.55 1551.95 to 1633.00 1.79% 2.91 times

Technical analysis forecast of Torrent Power 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 Power Limited TORNTPOWER at this time. Stock is rising and might rise more.

It appears as if Torrent Power Limited TORNTPOWER gave a large move recently.

Stock of Torrent Power Limited (TORNTPOWER) 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 Power Limited is bullish for shortterm, and stock might move up till 1521.5 or till 1588.3. Use a stoploss of 1465.71 and if this stock hits its stoploss, then it can fall down till 1409.97

More indepth analysis on MunafaSutra.com