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Stock analysis Torrent Power Limited TORNTPOWER

More indepth analysis on MunafaSutra.com

Moving Averages for Torrent Power Limited

  • 5Day Average: 1426.47
  • 12Day Average: 1457.79
  • 20Day Average: 1507.22
  • 50Day Average: 1592.39
  • 100Day Average: 1706.52
  • 150Day Average: 1673.12
  • 200Day Average: 1620.07

TORNTPOWER Indicators & signals

Indicator MACD (12,26,9)

1461.71, 1518.65, -48.74
Indicator MACD is in negative zone

Indicator ADX (14)

49.36, 11.33, 33.43
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TORNTPOWER Torrent Power Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 1358.25 1350.10 to 1424.00 -4% 0.76 times
09 Thu Jan 2025 1414.80 1411.00 to 1458.00 -1.37% 1.06 times
08 Wed Jan 2025 1434.45 1429.95 to 1474.10 -1.31% 0.85 times
07 Tue Jan 2025 1453.50 1447.30 to 1494.60 -1.21% 0.46 times
06 Mon Jan 2025 1471.35 1459.80 to 1516.75 -2.78% 0.51 times
03 Fri Jan 2025 1513.45 1508.00 to 1540.25 -1.63% 0.44 times
02 Thu Jan 2025 1538.50 1482.95 to 1545.30 2.96% 0.7 times
01 Wed Jan 2025 1494.25 1472.65 to 1521.65 0.56% 0.78 times
31 Tue Dec 2024 1485.95 1410.00 to 1498.00 5.44% 2.93 times
30 Mon Dec 2024 1409.30 1400.00 to 1458.95 -2.9% 1.5 times
27 Fri Dec 2024 1451.45 1440.30 to 1484.70 -1.14% 0.77 times
26 Thu Dec 2024 1468.25 1459.05 to 1518.45 -2.25% 0.47 times

Technical analysis forecast for Torrent Power Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Torrent Power Limited TORNTPOWER at this time. Stock is falling and might fall more.

It appears as if Torrent Power Limited TORNTPOWER gave a large move recently.

Stock of Torrent Power Limited (TORNTPOWER) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Torrent Power Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Torrent Power Limited stays below 1416.8, but if it comes above 1416.8, then a intra day buy could be more profitable.
If you take a sell trade below 1416.8, then use 1416.8 as stoploss and 1321.1 as target. However if you take a buy trade in Torrent Power Limited, then use 1416.8 as stoploss and 1496.59 as target.

More indepth analysis on MunafaSutra.com