2022 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 |
| 25 Tue Jan | 540.95 | 530.20 | 543.70 | 521.55 | 8.7 lakhs |
| 24 Mon Jan | 536.90 | 549.00 | 553.10 | 531.10 | 3.55 lakhs |
| 21 Fri Jan | 550.55 | 572.30 | 574.05 | 548.00 | 9.94 lakhs |
| 20 Thu Jan | 573.30 | 565.00 | 578.00 | 560.65 | 7.65 lakhs |
| 19 Wed Jan | 563.70 | 566.10 | 567.60 | 557.95 | 8.2 lakhs |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 549.9, but if it comes above 549.9, then a intra day buy could be more profitable.
If you take a sell trade below 549.9, then use 549.9 as stoploss and 533.3 as target. However if you take a buy trade in stock , then use 549.9 as stoploss and 563.77 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Daily Price action analysis of TORNTPOWER based on a mid term time period is
Intraday technical analysis of Torrent Power
Stock is trading at 542.00 as on 27 Thu Jan 10:10
Day open is at 536.70, day high is at 548.30, day low is at 530.00, and day volume is at 9.71 lakhs so far.
First 15 minute high low range is 530.00 - 548.30
First hour high low range is 530.00 - 548.30
| Date | Intraday Price | Open | High | Low | Volume |
| 27 Thu Jan 10:10 | 542.00 | 536.70 | 548.30 | 530.00 | 130742 |
| 27 Thu Jan 10:05 | 541.50 | 536.70 | 548.30 | 530.00 | 126895 |
| 27 Thu Jan 10:00 | 540.55 | 536.70 | 548.30 | 530.00 | 112828 |
| 27 Thu Jan 9:55 | 540.40 | 536.70 | 548.30 | 530.00 | 108354 |
| 27 Thu Jan 9:49 | 539.45 | 536.70 | 548.30 | 530.00 | 102574 |
Prices of Torrent Power are definitely rising in intraday. Look for buy opportunities.
Take a trade after 9:30am only.
Torrent Power (TORNTPOWER) intraday stock price targets
- EntEntry: 539.15 or 537.475
- Upside target: 548.3
- Downside target : 511.7
- Second Upside target: 553.4
- Second Downside target : 531.25
Torrent Power (TORNTPOWER) weekly technical analysis
| Date | Weekly Close | Open | Range | Volume |
| 25 Tue Jan | 540.95 | 549.00 | 521.55 553.10 |
12.256 lakhs |
| 21 Fri Jan | 550.55 | 580.15 | 548.00 583.85 |
31.7 lakhs |
| 14 Fri Jan | 578.85 | 577.95 | 567.95 589.80 |
29.403 lakhs |
| 07 Fri Jan | 574.80 | 554.10 | 552.00 579.00 |
32.888 lakhs |
| 31 Fri Dec | 553.55 | 530.15 | 527.30 555.00 |
29.636 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Weekly 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 (TORNTPOWER) Monthly technical analysis
| Date | Monthly Close | Open | Range | Volume |
| 25 Tue Jan | 540.95 | 554.10 | 521.55 589.80 |
106.247 lakhs |
| 31 Fri Dec | 553.55 | 550.95 | 526.00 606.55 |
215.943 lakhs |
| 30 Tue Nov | 551.20 | 505.00 | 494.50 560.75 |
210.348 lakhs |
| 29 Fri Oct | 499.95 | 504.00 | 482.25 544.90 |
303.86 lakhs |
| 30 Thu Sep | 505.05 | 483.50 | 464.90 527.35 |
287.35 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 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.
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: 587.08
- Upside daily target: 556
- Downside daily target: 523
Torrent Power Weekly stock price targets
- Upside weekly target: 605.78
- Upside weekly target: 575.5
- Upside weekly target: 547.71
- Downside weekly target: 519.95
Torrent Power Monthly stock price targets
- Upside monthly target: 620.33
- Upside monthly target: 589.1
- Upside monthly target: 547.43
- Downside monthly target: 506.16
- Downside monthly target: 479.59
- Downside monthly target: 444.55
- Downside monthly target: 412.43
- Downside monthly target: 359.38
Torrent Power (TORNTPOWER) most active calls puts options
- CE of strike 600
- CE of strike 550
- PE of strike 550
- CE of strike 590
- CE of strike 580
- CE of strike 560
- PE of strike 530
- PE of strike 560
- PE of strike 500
- PE of strike 540
- PE of strike 520
- CE of strike 570
- CE of strike 620
- CE of strike 540
- PE of strike 570
- PE of strike 580
- CE of strike 575
- PE of strike 305
- PE of strike 330
- CE of strike 375
- PE of strike 370
- CE of strike 370
- PE of strike 365
- PE of strike 700
- PE of strike 360
- CE of strike 360
- CE of strike 315
- PE of strike 315
- CE of strike 330
- PE of strike 335
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 gaining momentum.
MACD generated a SELL signal for Torrent Power in short term but the sell signal is initial and weak.
Torrent Power Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 SELL signal for Torrent Power in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 561.6 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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