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Technicals for Torrent Power Limited
By MusingTheNews
2026-02-03 21:00
Overall Technical outlook
Price Summary
Torrent Power Limited's stock started trading at 1307.0 on 2026-02-02, climbed to 1337.8, fell to 1297.2, and closed 1.73% up at 1329.6, with 385114 shares traded. The top price for the stock in the last 52 weeks is 1623.6, with the bottom price being 1200.0. The future price of TORNTPOWER is projected to range from 1210.0 to 1636.0, with an average expected price of 1419.909, according to 11 analysts.
Technicals
Support and Resistance: The price of 1329.6 is supported at 1294.9 and faces resistance at 1362.1. This range suggests key levels for TORNTPOWER where the price may stabilize, with 1294.9 acting as a support and 1362.1 as a cap on gains. Support/Resistance for TORNTPOWER
Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for TORNTPOWER, with no strong trend emerging. Aroon chart for Torrent Power Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for TORNTPOWER, with no strong trend emerging. Bolinger Bands chart for Torrent Power Limited
Parabolic SAR: The PSAR for TORNTPOWER continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth. Parabolic Stop and Reverse chart for Torrent Power Limited
Stochastic: The stochastic indicator is currently bullish, with the K-line exceeding both the D-line and the 80 level. This configuration indicates robust upward momentum, suggesting that the market may experience further gains. Investors may interpret this as a positive signal for continued upward movement. Stochastic chart for Torrent Power Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening of momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend weakens for Torrent Power Limited. Tripple SMA chart for Torrent Power Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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