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2020 Torrent Pharmaceuticals (TORNTPHARM) technical analysis [forecast] stock price targets

Torrent Pharmaceuticals technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Torrent Pharmaceuticals deals in Pharmaceuticals Torrent Pharmaceuticals option chain analysis

Date Close Open High Low Volume
24 Tue Nov 2622.65 2627.00 2652.70 2581.95 4.53 lakhs
23 Mon Nov 2601.95 2609.90 2628.75 2565.00 6.61 lakhs
20 Fri Nov 2609.90 2634.95 2643.20 2601.00 4.22 lakhs
19 Thu Nov 2634.60 2680.00 2708.60 2621.60 6.76 lakhs
18 Wed Nov 2676.55 2650.00 2687.75 2593.00 7.3 lakhs
TORNTPHARM chart

My analysis of stock is bullish for shortterm, and stock might move up till 2664.8 or till 2746.3. Use a stoploss of 2596.81 and if this stock hits its stoploss, then it can fall down till 2528.85

  • Daily Price action analysis of TORNTPHARM 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of TORNTPHARM based on a mid 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.

Intraday technical analysis of Torrent Pharmaceuticals

Stock is trading at 2593.95 as on 25 Wed Nov 13:25

Day open is at 2635.00, day high is at 2639.05, day low is at 2592.00, and day volume is at 67.75 lakhs so far.

First 15 minute high low range is 2623.90 - 2639.05

First hour high low range is 2603.25 - 2639.05

Date Intraday Price Open High Low Volume
25 Wed Nov 13:25 2593.95 2635.00 2639.05 2592.00 217421
25 Wed Nov 13:20 2604.00 2635.00 2639.05 2595.00 207746
25 Wed Nov 13:15 2605.95 2635.00 2639.05 2595.00 206510
25 Wed Nov 13:10 2606.10 2635.00 2639.05 2595.00 203971
25 Wed Nov 13:05 2600.05 2635.00 2639.05 2595.00 200949
Intraday TORNTPHARM chart

Prices of Torrent Pharmaceuticals are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Torrent Pharmaceuticals (TORNTPHARM) intraday stock price targets

  • EntEntry: 2631.48 or 2609.8125
  • Upside target: 2639.05
  • Downside target : 2608.75
  • Second Upside target: 2637.68
  • Second Downside target : 2566.93

Torrent Pharmaceuticals (TORNTPHARM) weekly technical analysis

Date Weekly Close Open Range Volume
24 Tue Nov 2622.65 2609.90 2565.00
2652.70
11.135 lakhs
20 Fri Nov 2609.90 2745.65 2593.00
2755.90
28.998 lakhs
13 Fri Nov 2729.35 2570.80 2418.75
2747.80
44.199 lakhs
06 Fri Nov 2556.50 2566.00 2508.35
2634.50
17.809 lakhs
30 Fri Oct 2566.85 2752.90 2499.05
2774.40
40.534 lakhs
weekly TORNTPHARM chart

Weekly forecast of Torrent Pharmaceuticals is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly Price action analysis of Torrent Pharmaceuticals based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Weekly Price action analysis of Torrent Pharmaceuticals based on a short to mid 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.

Torrent Pharmaceuticals (TORNTPHARM) Monthly technical analysis

Date Monthly Close Open Range Volume
24 Tue Nov 2622.65 2566.00 2418.75
2755.90
102.141 lakhs
30 Fri Oct 2566.85 2825.15 2499.05
2934.00
128.489 lakhs
30 Wed Sep 2799.95 2674.95 2455.00
2944.50
160.636 lakhs
31 Mon Aug 2661.60 2663.60 2617.30
3031.20
191.694 lakhs
31 Fri Jul 2663.60 2381.00 2231.85
2755.40
164.139 lakhs
monthly TORNTPHARM chart

Monthly forecast of Torrent Pharmaceuticals is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of Torrent Pharmaceuticals based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Monthly Price action analysis of Torrent Pharmaceuticals 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.

Torrent Pharmaceuticals Daily stock price targets

  • Upside daily target: 2814.98
  • Upside daily target: 2671.6
  • Downside daily target: 2535.45

Torrent Pharmaceuticals Weekly stock price targets

  • Upside weekly target: 2933.98
  • Upside weekly target: 2790.61
  • Upside weekly target: 2637.95
  • Downside weekly target: 2469.35

Torrent Pharmaceuticals Monthly stock price targets

  • Upside monthly target: 3116.98
  • Upside monthly target: 2857.85
  • Upside monthly target: 2674.03
  • Downside monthly target: 2520.7
  • Downside monthly target: 2391.8
  • Downside monthly target: 2151.74
  • Downside monthly target: 2016.23
  • Downside monthly target: 1845.83
  • Downside monthly target: 1446.65

Torrent Pharmaceuticals (TORNTPHARM) indicators technical analysis

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.

ADX buy sell signal for Torrent Pharmaceuticals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Torrent Pharmaceuticals in short term but the buy signal is initial and weak.

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 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 Pharmaceuticals 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 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 2643.14 and Torrent Pharmaceuticals TORNTPHARM 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 Pharmaceuticals TORNTPHARM stock. Volume based technical analysis of Torrent Pharmaceuticals TORNTPHARM stock is negative.

Torrent Pharmaceuticals Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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