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Technicals for Torrent Power Limited
By MusingTheNews
2025-10-17 20:59
Overall Technical outlook
Price Summary
On 2025-10-17, Torrent Power Limited's stock opened at 1335.6, reached 1335.6, hit a low of 1303.6, and rose -1.78% to close at 1311.8, with 314826 shares traded. For the 52-week period, the stock's highest price is 1973.65, and the lowest price is 1200.0. Analysts' predictions indicate that TORNTPOWER's future price will be between 1050.0 and 1636.0, with a mean price expectation of approximately 1380.4.
Technicals
Support and Resistance: The current price of 1311.8 for TORNTPOWER finds support at 1294.9 and resistance at 1342.8. These levels define a range in which the price might oscillate, with 1294.9 as a potential support and 1342.8 as a resistance level. Support/Resistance for TORNTPOWER
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Torrent Power Limited
Bol. Bands: The price's drop under the upper Bollinger Band suggests a possible downward movement. This signal may indicate that the recent uptrend is losing strength, and a decline could follow. Traders often view this as an overbought condition, where a price correction is likely, making it an essential moment to consider potential adjustments to trading positions. Bolinger Bands chart for Torrent Power Limited
Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net. Parabolic Stop and Reverse chart for Torrent Power Limited
Stochastic: The stochastic indicator shows the K-line dropping below the D-line but staying above 80, indicating the possible start of a bearish price move. This setup may signal that the market's recent momentum is waning, which could result in a downturn. Traders should remain vigilant for additional signs of weakness for Torrent Power Limited. Stochastic chart for Torrent Power Limited
Tripple Moving Agerage: The Tripple MOVING AVG 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. Tripple SMA chart for Torrent Power Limited
Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.
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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