TORNTPOWER - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 3.5

Torrent Power (TORNTPOWER) presents a moderate intraday setup, with signs of oversold conditions and a potential bounce, but still under pressure from bearish momentum. Here's the full analysis

🔍 Technical & Momentum Indicators

Indicator Value Signal

RSI 31.6 Oversold — bounce possible but not confirmed

MACD -25.7 Bearish — downward momentum persists

Volume 2.72 lakh vs avg 3.27 lakh Below average — weak participation

Price vs DMA Below 50 DMA (₹1,407) & 200 DMA (₹1,450) Bearish trend

SAR Mild bullish reversal Suggests potential bounce

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ADX Bearish tendency forming Weak trend strength

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📈 Intraday Trade Setup

✅ If Considering Entry

Optimal Buy Zone: ₹1,315–₹1,325 (current price near support and mean value)

Profit Targets

Conservative: ₹1,346

Aggressive: ₹1,367–₹1,388 (based on weekly projections)

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Stop Loss: ₹1,305 (below recent intraday low)

🕒 If Already Holding

Watch for bounce toward ₹1,346–₹1,367 — consider exiting there.

If price breaks below ₹1,305 with rising volume, exit immediately.

RSI suggests bounce is possible, but MACD and volume weakness mean exit on strength, not weakness.

🧠 Final Verdict

TORNTPOWER is a mild intraday candidate, with

Oversold RSI and SAR suggesting bounce

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Weak MACD and volume limiting upside

Mixed institutional sentiment (FII up, DII down)

Best suited for range-bound scalping, not aggressive breakout trades. If bullish sentiment builds above ₹1,333, upside targets may extend toward ₹1,388

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You can track live open interest trends on JustTicks OI Analysis

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and view technical breakdowns on TradingView

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.

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dailybulls.in

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justticks.in

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in.tradingview.com

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