TORRENT POWER : Bullish due to forming inverted head & shoulder
INVERTED HEAD & SHOULDER PATTERN -
the stock has formed an inverted head & shoulder pattern on daily chart indicating strong upward momentum for the stock
TRENDLINE BREAKOUT -
price has broken out of a strong trendline & has taken support on it indicating strong bullish momentum for the st
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48.95 INR
18.33 B INR
271.04 B INR
190.01 M
About TORRENT POWER LTD
Sector
Industry
Headquarters
Ahmedabad
Founded
2004
ISIN
INE813H01021
FIGI
BBG000GM32Q7
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.
TORRENT POWER LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (re
Plan for 13th December 2024 Nifty future and banknifty future analysis and intraday plan.
Swing trading ideas.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykum
Torrent Power Ltd *Torrent Power Ltd.
P&F Formation on Yearly Basis.
Price BO > 1880 Needed & to be watched. If Sustains, then good to go.
Other major Resistance levels before T1/T2.
Downward Price Channel BO on Weekly Basis.
Strong Vol. Consolidation. Continued traction.
RSI: 1H>D=W<M. All in a Bullish Zone.
EMAs:
SWING IDEA - TORRENT POWERTorrent Power, a major player in the power sector, is showing strong technical signs of a swing trading opportunity.
Reasons are listed below :
1650 Support Zone : The 1650 level has acted as a strong support zone, and the price is holding steady around this level, indicating potential upside.
TORRENT POWER LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (re
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with
TORNTPOWER1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of TORNTPOWER is 1,624.05 INR — it has increased by 4.06% 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 BSE exchange TORRENT POWER LTD. stocks are traded under the ticker TORNTPOWER.
TORNTPOWER stock has risen by 7.52% compared to the previous week, the month change is a 22.40% rise, over the last year TORRENT POWER LTD. has showed a 28.24% increase.
We've gathered analysts' opinions on TORRENT POWER LTD. future price: according to them, TORNTPOWER price has a max estimate of 1,593.00 INR and a min estimate of 1,075.00 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 2,037.35 INR, and its all-time low was 50.00 INR and was reached on Oct 27, 2008. 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 4.26% volatile and has beta coefficient of 1.45. 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 786.42 B, it has decreased by −0.23% 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 May 15, 2025. Keep track of upcoming events with our Earnings Calendar.
TORNTPOWER earnings for the last quarter are 9.90 INR per share, whereas the estimation was 9.10 INR resulting in a 8.79% surprise. The estimated earnings for the next quarter are 9.05 INR per share. See more details about TORRENT POWER LTD. earnings.
TORRENT POWER LTD. revenue for the last quarter amounts to 64.99 B INR, despite the estimated figure of 62.98 B INR. In the next quarter, revenue is expected to reach 65.02 B INR.
TORNTPOWER net income for the last quarter is 4.76 B INR, while the quarter before that showed 4.81 B INR of net income which accounts for −1.12% 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 Apr 15, 2025, the company has 21.8 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 52.86 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 strong buy rating 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 strong 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.