2020 Torrent Power (TORNTPOWER) technical analysis [forecast] stock price targets
Torrent Power technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis
Torrent Power deals in Electric Utilities Torrent Power option chain analysis
| Date | Close | Open | High | Low | Volume |
| 28 Mon Sep | 317.10 | 312.25 | 318.10 | 311.75 | 5.23 lakhs |
| 25 Fri Sep | 311.25 | 308.50 | 313.75 | 307.90 | 5.75 lakhs |
| 24 Thu Sep | 307.00 | 317.50 | 321.00 | 305.10 | 7.4 lakhs |
| 23 Wed Sep | 321.40 | 327.70 | 330.40 | 319.00 | 6.16 lakhs |
| 22 Tue Sep | 326.15 | 329.55 | 330.00 | 317.95 | 8.62 lakhs |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 318.7, but if it comes above 318.7, then a intra day buy could be more profitable.
If you take a sell trade below 318.7, then use 318.7 as stoploss and 308.5 as target. However if you take a buy trade in stock , then use 318.7 as stoploss and 327.15 as target.
Daily Price action analysis of TORNTPOWER 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 TORNTPOWER 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.
Daily Price action analysis of TORNTPOWER 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 Power
Stock is trading at 321.45 as on 29 Tue Sep 11:50
Day open is at 317.15, day high is at 321.90, day low is at 316.50, and day volume is at 89.19 lakhs so far.
First 15 minute high low range is 316.75 - 319.40
First hour high low range is 316.50 - 319.45
| Date | Intraday Price | Open | High | Low | Volume |
| 29 Tue Sep 11:50 | 321.45 | 317.15 | 321.90 | 316.50 | 562247 |
| 29 Tue Sep 11:45 | 321.55 | 317.15 | 321.90 | 316.50 | 536545 |
| 29 Tue Sep 11:40 | 320.80 | 317.15 | 321.00 | 316.50 | 478116 |
| 29 Tue Sep 11:35 | 319.55 | 317.15 | 320.80 | 316.50 | 447458 |
| 29 Tue Sep 11:30 | 319.60 | 317.15 | 320.80 | 316.50 | 423689 |
Trend of Torrent Power is not defined as of yet. Wait for entry and exit levels given below.
Take a trade after 9:30am only.
Torrent Power (TORNTPOWER) intraday stock price targets
- EntEntry: 318.08 or 316.2625
- Upside target: 319.4
- Downside target : 314.1
- Second Upside target: 320.78
- Second Downside target : 314.43
Torrent Power (TORNTPOWER) weekly technical analysis
| Date | Weekly Close | Open | Range | Volume |
| 28 Mon Sep | 317.10 | 312.25 | 311.75 318.10 |
5.231 lakhs |
| 25 Fri Sep | 311.25 | 327.00 | 305.10 333.75 |
61.385 lakhs |
| 18 Fri Sep | 325.80 | 325.35 | 323.10 338.00 |
45.372 lakhs |
| 11 Fri Sep | 324.80 | 332.65 | 317.00 334.45 |
28.891 lakhs |
| 04 Fri Sep | 333.20 | 345.00 | 329.70 347.90 |
55.821 lakhs |
Weekly forecast of Torrent Power is positive. Buyers dominated the stock this week, and this trend might continue for a few days
Weekly Price action analysis of Torrent Power 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.
Weekly Price action analysis of Torrent Power based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Torrent Power (TORNTPOWER) Monthly technical analysis
| Date | Monthly Close | Open | Range | Volume |
| 28 Mon Sep | 317.10 | 332.90 | 305.10 345.10 |
186.785 lakhs |
| 31 Mon Aug | 332.90 | 329.00 | 325.40 368.90 |
455.245 lakhs |
| 31 Fri Jul | 325.45 | 320.00 | 312.90 338.70 |
229.523 lakhs |
| 30 Tue Jun | 318.75 | 322.50 | 314.00 349.95 |
267.055 lakhs |
| 29 Fri May | 318.45 | 322.00 | 291.45 338.70 |
363.664 lakhs |
Monthly forecast of Torrent Power is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.
Monthly Price action analysis of Torrent Power 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 Power 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 Power Daily stock price targets
- Upside daily target: 341.1
- Upside daily target: 323.55
- Downside daily target: 298.1
Torrent Power Weekly stock price targets
- Upside weekly target: 375.48
- Upside weekly target: 353.85
- Upside weekly target: 335.13
- Downside weekly target: 316.26
- Downside weekly target: 293.85
Torrent Power Monthly stock price targets
- Upside monthly target: 372.65
- Upside monthly target: 349.03
- Upside monthly target: 331.1
- Downside monthly target: 313
- Downside monthly target: 298.1
- Downside monthly target: 282.85
- Downside monthly target: 266.24
- Downside monthly target: 210.48
Torrent Power (TORNTPOWER) most active calls puts options
- CE of strike 320
- CE of strike 350
- CE of strike 340
- CE of strike 325
- PE of strike 275
- CE of strike 275
- PE of strike 270
- CE of strike 270
- PE of strike 265
- CE of strike 280
- CE of strike 265
- PE of strike 280
- CE of strike 260
- PE of strike 255
- CE of strike 255
- PE of strike 250
- PE of strike 245
- PE of strike 420
- CE of strike 245
- PE of strike 240
- CE of strike 240
- PE of strike 235
- CE of strike 235
- CE of strike 230
- PE of strike 225
- CE of strike 225
- PE of strike 220
- CE of strike 220
- PE of strike 215
- CE of strike 215
Torrent Power (TORNTPOWER) indicators technical analysis
Price action analysis of Torrent Power (TORNTPOWER) 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.
ADX buy sell signal for Torrent Power stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Torrent Power in short term and the sell signal is strong.
Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY signal is weak.
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 Power is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 325.74 and Torrent Power TORNTPOWER stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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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