#TORNTPOWER 1668 TGT 15% 1940+ NSE:TORNTPOWER
Target 1940 15% upside
NSE:TORNTPOWER CPM 1668
TGT 1940+ (15%)
SL 1550
TF < 6M
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Next report date
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46.70 INR
18.33 B INR
271.04 B INR
132.75 M
About TORRENT POWER LTD
Sector
Industry
Headquarters
Ahmedabad
Founded
2004
ISIN
INE813H01021
FIGI
BBG000GM34G4
Torrent Power Ltd. engages in the business of power generation, transmission, and distribution of electricity. It also focuses on the manufacture and sale of cables. The company was founded on April 29, 2004 and is headquartered in Ahmedabad, India.
TORNTPOWER Trading Within Fresh Weekly Demand ZoneTORNTPOWER is currently trading at ₹1559, positioned within its demand zone between ₹1609.2 and ₹1456.05, identified on 2nd August 2024. This fresh zone has not yet been tested, suggesting potential buying interest if the stock remains in this range. Investors might consider watching for support aro
Torrent Power - Resistance(s) ConfluenceTorrent Power :
Currently getting rejected from a strong confluence of resistance(s)
Need to Break 2000 decisively for possible upmove
VIEW ON TORRENT POWERGood chart structure
After forming Doji Candles for consecutive 3 weeks stock has given a small breakout and closed near previous week's high
Target 2030/2150/2250
Stop loss 1850
I am just representing my views
For educational purpose only.
Torrent Power MACD crossoverThe price has given a reversal signal from the lower trendline of the channel with MACD Crossover Above Signal Line. Below are some possitive points for a possible bullish move:
=> There is a strong momentum as price is above short, medium and long term moving average(MA).
=> There is a strong grow
High risk reward trade possibility in torrent powerthe stock has tested the 1815 level 11 times on daily timeframe. now tock is consolidating in a tight range . if it retraces to 1815 level for retesting can give a excellent risk to reward ,the target can be 1930 level.
TPL--Trendline breakout
--Support @ 1695 and 1628
--Reversal stock
-- retest level 1700
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind you
Stock to Watch | Enter once breakout doneConsolidation...@ 50 DMA Support
Can Enter once Breakout Done
Stoploss: Support line
Note: For Educational Purpose only
TORRENT POWER is taking reversals on TLTORRENT POWER has been trading in over bough zone. However, It previously taken support on the TL many times.
Now it is near the TL.
It can be consider now for swing trade or investment with risk of 5%
CMP - 1766
1672 is DOUBLE SUPPORT Level (23/08/24)Torrent Power is at a dilemma level, if it goes down from here it may get a weak support at 1602 and a strong support at 1530.
But since the 1672 level has double support, 1900 level is not far away, I guess.
See all ideas
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Frequently Asked Questions
The current price of TORNTPOWER is 1,669.20 INR — it has decreased by −1.01% in the past 24 hours. Watch TORRENT POWER LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange TORRENT POWER LTD stocks are traded under the ticker TORNTPOWER.
TORNTPOWER stock has fallen by −0.16% compared to the previous week, the month change is a 0.81% rise, over the last year TORRENT POWER LTD has showed a 81.73% increase.
We've gathered analysts' opinions on TORRENT POWER LTD future price: according to them, TORNTPOWER price has a max estimate of 2,026.00 INR and a min estimate of 1,238.00 INR. Watch TORNTPOWER chart and read a more detailed TORRENT POWER LTD stock forecast: see what analysts think of TORRENT POWER LTD and suggest that you do with its stocks.
TORNTPOWER reached its all-time high on Oct 22, 2024 with the price of 2,037.00 INR, and its all-time low was 45.00 INR and was reached on Nov 28, 2006. View more price dynamics on TORNTPOWER chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
TORNTPOWER stock is 2.20% volatile and has beta coefficient of 0.54. Track TORRENT POWER LTD stock price on the chart and check out the list of the most volatile stocks — is TORRENT POWER LTD there?
Today TORRENT POWER LTD has the market capitalization of 852.61 B, it has increased by 5.11% over the last week.
Yes, you can track TORRENT POWER LTD financials in yearly and quarterly reports right on TradingView.
TORRENT POWER LTD is going to release the next earnings report on Feb 11, 2025. Keep track of upcoming events with our Earnings Calendar.
TORNTPOWER net income for the last quarter is 4.81 B INR, while the quarter before that showed 9.72 B INR of net income which accounts for −50.52% change. Track more TORRENT POWER LTD financial stats to get the full picture.
TORRENT POWER LTD dividend yield was 1.18% in 2023, and payout ratio reached 41.95%. The year before the numbers were 2.55% and 29.51% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Dec 13, 2024, the company has 21.80 K employees. See our rating of the largest employees — is TORRENT POWER LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. TORRENT POWER LTD EBITDA is 52.18 B INR, and current EBITDA margin is 17.08%. See more stats in TORRENT POWER LTD financial statements.
Like other stocks, TORNTPOWER shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade TORRENT POWER LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So TORRENT POWER LTD technincal analysis shows the neutral today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating TORRENT POWER LTD stock shows the buy signal. See more of TORRENT POWER LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.