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Torrent Power Limited

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TORNTPOWER trade ideas

'Bullish' on TORRENT POWER for medium termThe stock hit a fresh 52-week high of 610 on 22nd Aug 2022, but failed to hold on to the momentum, falling about 29%. It then took support at the lower trendline of the wedge pattern , gave a confirmed breakout from resistance trendline on 2nd March 2023, thereby bounced back from a 52W low of 430.85 to an intraday high of 550 on 17th Jan 2023, rising nearly 28% . In terms of price action, the stock is trading well above all the short-term and long-term moving averages. RSI(weekly) is at 58 and MACD(weekly) gave bullish crossover above its signal line on 3rd March 2023. The stock is in a very bullish trend, and it's expected that the stock's price may continue to rise towards the assigned targets, with a recommended stop loss of 513 on a closing basis.
NSE:TORNTPOWERLong
by finvestar
1
Torrent Power : How powerful is this stock?Info about the Stock 1. Torrent Power Q3 profit surges 86% YoY to Rs 685 crore, revenue grows 71%. Announces dividend at Rs 22 per share. 2. FNO stock. If you are safe investor buy this stock at the Support : 496 . Technical Analysis A breakout occurred after a series of declines.The breakout is so much more powerful that the price opens as a gap-up. The Price is trending above its 20-day moving average. The good thing is that the price is still above the 200-day moving average. The breakout candle has proper volume , so it can't be called a fake breakout
NSE:TORNTPOWER
by DevabratAcharya
4
PRICE AT SUPPORT AFTER A LONG TIME | TORNTPOWER | LONG Hello Friend's! As you can the price is at the support after a long time. And also you could see that the price goes up whenever it touches the support, so a 80% LONG probability is present. But the target can be confusing to set when talking about it. So I've provide 3 target's to make the game sure. This could be easy if you set short target's and then reach the original one(592.00). I hope that the price may go up and touch the Last Target in a Week or two. The price has consolidated at specific areas so I've set those as target's in order to make the Target Safe.
NSE:TORNTPOWERLong
by SRIJAN_UPADHYAY_7
1
Torrent Power - Volume Price AnalysisClassic example like shown in Anna Coulling Volume Price Analysis How price completes its trend 1. Buying Climax after a brief uptrend 2. Goes into Range 3. Distribution Phase 4. Creation of New Shorts 5. Start of Downtrend 6. Profit booking Visible Stock slows down post that 7. Climax Volume Reached (Downtrend Stopped) 8. Stock again kept in range (Accumulation) 9. Getting ready for a new upmove Entry only after breakout and pullback Sl below the range 1st resistance for the stock marked Target is the upper range
NSE:TORNTPOWERLong
by Vishy5