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(TorrentPhar) Torrent Phar complete technical analysis [charts+indicators] | Buy/Sell Torrent Phar | (TorrentPhar) share price targets

Complete technical analysis of Torrent Phar (TorrentPhar) by charts plus indicators, forecast predictions and share price targets for Torrent Phar (TorrentPhar)

10 day averaged volume of Torrent Phar is 3486

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 2703.70 2620.05 2719.95 2620.05 1.194 times
15 Wed May 2024 2650.65 2640.40 2657.00 2620.00 0.287 times
14 Tue May 2024 2630.15 2603.65 2635.10 2583.95 0.253 times
13 Mon May 2024 2604.25 2614.95 2618.45 2573.40 0.702 times
10 Fri May 2024 2601.45 2539.95 2614.95 2529.50 0.489 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2696.9, but if it comes below 2696.9, then a intra day sell could be more profitable.
If you take a sell trade below 2696.9, then use 2696.9 as stoploss and 2637.35 as target. However if you take a buy trade in stock , then use 2696.9 as stoploss and 2768.3 as target.

Share price targets for Torrent Phar (TorrentPhar)

Target Type Value
Downside Target 2270.15
Downside Target 2481.15
Downside Target 2634.80
Downside Target 2699.95
Upside Target 2719.95
Upside Target 2730.40
Upside Target 2743.75
Upside Target 2745.55
Upside Target 2774.50
Upside Target 2782.00

Intraday share price targets for Torrent Phar (TorrentPhar)

Target Type Value
Downside Intraday Target 2611.42
Downside Intraday Target 2519.13
Upside Intraday Target 2757.97
Upside Intraday Target 2812.23
Downside Intraday Target 2665.68

Weekly technical analysis of Torrent Phar (TorrentPhar)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 2703.70 2614.95 2719.95 2573.40 0.616 times
10 Fri May 2024 2601.45 2774.50 2774.50 2513.05 0.788 times
03 Fri May 2024 2732.60 2743.75 2782.00 2634.80 1.112 times
26 Fri Apr 2024 2690.45 2537.15 2730.40 2537.15 2.161 times
19 Fri Apr 2024 2536.85 2524.90 2580.60 2508.65 0.431 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Torrent Phar (TorrentPhar)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 2703.70 2650.40 2782.00 2513.05 0.493 times
30 Tue Apr 2024 2640.40 2619.50 2743.75 2508.65 0.732 times
28 Thu Mar 2024 2601.15 2717.75 2745.55 2488.00 1.282 times
29 Thu Feb 2024 2664.45 2540.65 2699.95 2481.15 0.121 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Torrent Phar (TorrentPhar)

Indicator Name Indicator Value Indicator Signal
ADX 27, 18, 21 Buy
MACD 24, 20Buy
Stochastics 55None
CCI 59Buy
RSI 49Sell
OBV 17159Sell
VWAP 2664Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Torrent Phar ( (TorrentPhar) ) 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.

Price action analysis of Torrent Phar ( (TorrentPhar) ) 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.

Price action analysis of Torrent Phar ( (TorrentPhar) ) 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.

Price action analysis of Torrent Phar ( (TorrentPhar) ) based on a mid to longer term time period is

ADX buy sell signal for Torrent Phar stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Torrent Phar in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Torrent Phar 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. Bulls 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 buy signal for Torrent Phar in short term and BUY signal is strong.

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 Phar is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2663.67 and Torrent Phar (TorrentPhar) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Torrent Phar (TorrentPhar) stock. Volume based technical analysis of Torrent Phar (TorrentPhar) stock is negative.

Torrent Phar Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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