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2021 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
21 Thu Jan 327.00 335.60 338.35 326.10 18.03 lakhs
20 Wed Jan 333.55 341.80 343.70 331.55 20.94 lakhs
19 Tue Jan 339.10 328.60 341.00 327.60 25.41 lakhs
18 Mon Jan 327.50 334.00 340.00 325.00 10.95 lakhs
15 Fri Jan 332.05 334.00 343.80 329.95 35.09 lakhs
TORNTPOWER chart

My analysis of stock is bearish for shortterm, and stock might move down till 320.2 or till 311.6. Use a stoploss of 327.39 and if the stock hits stoploss, then it can shoot up till 334.58

  • Daily Price action analysis of TORNTPOWER 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.

  • Daily Price action analysis of TORNTPOWER 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.

  • Daily Price action analysis of TORNTPOWER based on a 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.

Intraday technical analysis of Torrent Power

Stock is trading at 326.85 as on 22 Fri Jan 10:50

Day open is at 327.00, day high is at 328.75, day low is at 322.10, and day volume is at 21.91 lakhs so far.

First 15 minute high low range is 322.10 - 328.75

First hour high low range is 322.10 - 328.75

Date Intraday Price Open High Low Volume
22 Fri Jan 10:50 326.85 327.00 328.75 322.10 327121
22 Fri Jan 10:45 327.10 327.00 328.75 322.10 322485
22 Fri Jan 10:40 326.80 327.00 328.75 322.10 317011
22 Fri Jan 10:35 327.10 327.00 328.75 322.10 315434
22 Fri Jan 10:30 326.55 327.00 328.75 322.10 307913
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: 325.43 or 329.3875
  • Upside target: 328.75
  • Downside target : 315.45
  • Second Upside target: 332.68
  • Second Downside target : 320.43

Torrent Power (TORNTPOWER) weekly technical analysis

Date Weekly Close Open Range Volume
21 Thu Jan 327.00 334.00 325.00
343.70
75.331 lakhs
15 Fri Jan 332.05 339.40 326.65
343.80
83.624 lakhs
08 Fri Jan 335.95 322.00 316.80
348.75
99.765 lakhs
01 Fri Jan 320.85 321.00 313.20
323.30
30.412 lakhs
24 Thu Dec 318.75 331.30 293.00
332.50
54.546 lakhs
weekly TORNTPOWER chart

Weekly forecast of Torrent Power is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly 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.

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
21 Thu Jan 327.00 317.40 316.05
348.75
263.125 lakhs
31 Thu Dec 317.40 316.00 293.00
337.35
327.352 lakhs
27 Fri Nov 316.00 312.40 302.00
325.00
266.619 lakhs
30 Fri Oct 312.20 315.50 293.20
327.10
198.807 lakhs
30 Wed Sep 313.35 332.90 305.10
345.10
204.334 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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: 346.75
  • Upside daily target: 329.39

Torrent Power Weekly stock price targets

  • Upside weekly target: 358.33
  • Upside weekly target: 340.78
  • Downside weekly target: 322.48
  • Downside weekly target: 304.65
  • Downside weekly target: 286.13

Torrent Power Monthly stock price targets

  • Upside monthly target: 372.65
  • Upside monthly target: 354.23
  • Upside monthly target: 335.14
  • Downside monthly target: 319.18
  • Downside monthly target: 301.48
  • Downside monthly target: 285.75

Torrent Power (TORNTPOWER) indicators technical analysis

Price action analysis of Torrent Power (TORNTPOWER) 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.

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

MACD generated a SELL signal for Torrent Power in short term but the sell signal is initial and weak.

Torrent Power 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. 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 coming down

CCI has generated a SELL signal for Torrent Power in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 333.72 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