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Stock analysis Torrent Power Limited TORNTPOWER

More indepth analysis on MunafaSutra.com

Moving Averages for Torrent Power Limited

  • 5Day Average: 1591.19
  • 12Day Average: 1628.5
  • 20Day Average: 1612.81
  • 50Day Average: 1719.38
  • 100Day Average: 1743.91
  • 150Day Average: 1673.92
  • 200Day Average: 1603.95

TORNTPOWER Indicators & signals

Indicator MACD (12,26,9)

1608.99, 1636.23, -23.21
Indicator MACD is in negative zone

Indicator ADX (14)

38.2, 13.3, 29.74
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
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
20 Fri Dec 2024 1479.20 1444.45 to 1639.05 -9.36% 4.51 times
19 Thu Dec 2024 1632.00 1572.55 to 1636.20 1.35% 0.98 times
18 Wed Dec 2024 1610.30 1589.45 to 1630.80 0% 0.5 times
18 Wed Dec 2024 1610.30 1589.45 to 1630.80 -0.85% 0.5 times
17 Tue Dec 2024 1624.15 1610.80 to 1648.70 -1.05% 0.63 times
16 Mon Dec 2024 1641.45 1637.00 to 1670.00 -1.66% 0.67 times
13 Fri Dec 2024 1669.20 1652.60 to 1689.00 -1.12% 0.78 times
12 Thu Dec 2024 1688.10 1625.50 to 1713.75 1.2% 1.57 times
11 Wed Dec 2024 1668.10 1612.05 to 1685.05 2.68% 1.02 times
10 Tue Dec 2024 1624.60 1616.00 to 1654.95 -1.3% 2.08 times
09 Mon Dec 2024 1645.95 1628.85 to 1679.00 -0.16% 1.28 times
06 Fri Dec 2024 1648.65 1635.30 to 1704.00 -0.94% 1.64 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...

Although my analysis for Torrent Power Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1487.5, for a target of 1561.9 or 1623.94

More indepth analysis on MunafaSutra.com