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Technicals for Torrent Power Limited
By MusingTheNews
2025-05-30 21:00
Overall Technical outlook
Price Summary
Torrent Power Limited's stock declined -2.35% today, reflecting an mediocrending market day. On 2025-05-30, Torrent Power Limited's stock opened at 1407.0, reached 1410.0, hit a low of 1361.0, and rose -2.35% to close at 1374.0, with 1370724 shares traded. The stock's highest price in the past 52 weeks is 1973.65, while its lowest price during the same period is 1235.15. 10 analysts predict that the future price of TORNTPOWER will be in the range of 1060.0 to 1593.0, with a mean expected price of about 1354.7.
Technicals
Support and Resistance: The current price sits at 1374.0, supported at 1309.75 and capped by resistance at 1409.3. These levels define a range for TORNTPOWER where the price might stabilize, with 1309.75 as a floor and 1409.3 as a ceiling. Support/Resistance for TORNTPOWER
Aroon: The AROON indicator is showing a strong bearish trend, with Aroon Down rising and the Aroon Oscillator staying low. This suggests that the downward trend is likely to continue, indicating sustained bearish momentum in the market. The persistence of the Aroon Oscillator at a low level reinforces the expectation of ongoing declines. 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 maintains its bearish stance, establishing a resistance level that could cap any attempts at upward movement. This persistent bearish outlook suggests that the market may continue to face downward pressure, with resistance preventing significant gains. Parabolic Stop and Reverse chart for Torrent Power Limited
Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Stochastic chart for Torrent Power Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Tripple SMA chart for Torrent Power Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
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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