TORNTPHARM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of Torrent Pharmaceuticals Ltd (TORNTPHARM)

📊 Trend Overview

Current Trend: The stock is in a mild uptrend, but showing signs of short-term consolidation.

Price Action: Trading at ₹3,567, slightly above the 50-DMA (₹3,543) and well above the 200-DMA (₹3,334), indicating medium-term bullishness but near-term indecision.

📈 Momentum Indicators

RSI (48.0): Neutral zone, leaning bearish. Suggests lack of strong buying momentum.

MACD (-6.98): Negative, indicating weakening momentum and potential for short-term pullback.

Volume: Current volume (2.07 lakh) is moderately above the 1-week average (1.65 lakh), showing steady interest but not breakout-level enthusiasm.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 3,543 Support

200-DMA 3,334 Strong Support

Current Price 3,567 Above both DMAs

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

No breakout or breakdown signal yet; watch for movement beyond ₹3,600 or below ₹3,520.

🧭 Support & Resistance Zones

Immediate Support: ₹3,520–₹3,540 zone

Major Support: ₹3,330 (200-DMA), then ₹3,200

Immediate Resistance: ₹3,600–₹3,620 zone

Major Resistance: ₹3,750–₹3,790 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹3,520–₹3,540 (on pullback with MACD flattening)

Exit Zone: ₹3,750–₹3,790 (if momentum builds), or ₹3,600–₹3,620 for short-term trades

🔍 Conclusion

TORNTPHARM is consolidating near short-term support with mixed momentum signals.

RSI and MACD suggest caution, while price action above key DMAs supports medium-term strength.

A breakout above ₹3,600 with volume and MACD crossover could confirm trend continuation.

Until then, expect range-bound movement between ₹3,520 and ₹3,620.

Let me know if you’d like a visual chart or comparison with peers like Sun Pharma or Cipla!

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