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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
TORNTPOWER chart

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
Intraday TORNTPOWER chart

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 TORNTPOWER chart

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 TORNTPOWER chart

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) 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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chart TORNTPOWER