TORNTPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | TORNTPOWER | Market Cap | 65,410 Cr. | Current Price | 1,298 ₹ | High / Low | 1,640 ₹ |
| Stock P/E | 22.6 | Book Value | 370 ₹ | Dividend Yield | 1.46 % | ROCE | 16.9 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,320 ₹ | DMA 200 | 1,345 ₹ |
| Chg in FII Hold | -0.50 % | Chg in DII Hold | 0.58 % | PAT Qtr | 746 Cr. | PAT Prev Qtr | 685 Cr. |
| RSI | 45.7 | MACD | 4.42 | Volume | 3,58,405 | Avg Vol 1Wk | 4,43,066 |
| Low price | 1,188 ₹ | High price | 1,640 ₹ | PEG Ratio | 0.42 | Debt to equity | 0.38 |
| 52w Index | 24.2 % | Qtr Profit Var | 60.8 % | EPS | 57.3 ₹ | Industry PE | 22.1 |
📊 Chart Patterns: TORNTPOWER is trading at 1,298 ₹, slightly below its 50 DMA (1,320 ₹) and 200 DMA (1,345 ₹). The price has corrected from its 52-week high (1,640 ₹) and is consolidating near support levels, showing indecision in momentum.
📈 Moving Averages: Current price is below both short-term and long-term averages, reflecting mild bearish sentiment. A breakout above 1,320–1,345 ₹ could confirm recovery, while failure to hold 1,280 ₹ may trigger further downside.
📉 RSI: At 45.7, RSI suggests neutral-to-weak momentum, leaning towards oversold but not yet at reversal levels.
📈 MACD: Positive at 4.42, showing mild bullish divergence and potential for short-term recovery.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible short-term support.
📊 Volume Trends: Current volume (3.58 lakh) is lower than average weekly volume (4.43 lakh), suggesting reduced participation and cautious sentiment.
📌 Momentum Signals: Short-term momentum is neutral-to-weak. Support lies around 1,280–1,290 ₹, while resistance is near 1,320–1,345 ₹.
🎯 Entry Zone: 1,280–1,290 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 1,320–1,345 ₹ (near resistance and DMA levels).
🔎 Trend Status: The stock is consolidating near key averages, awaiting breakout direction.
Positive
- EPS of 57.3 ₹ indicates strong profitability.
- ROCE (16.9%) and ROE (18.7%) reflect efficient capital usage.
- Quarterly PAT improved from 685 Cr. to 746 Cr. (60.8% growth).
- DII holdings increased by 0.58%, showing domestic institutional support.
- PEG ratio of 0.42 suggests attractive valuation relative to growth.
Limitation
- Stock trading below both 50 DMA and 200 DMA shows weak technical strength.
- Falling volume compared to average indicates cautious investor sentiment.
- 52-week performance index at 24.2% reflects underperformance relative to peers.
Company Negative News
- FII holdings decreased by -0.50%, showing reduced foreign investor confidence.
- Stock price corrected from 1,640 ₹ high to current levels.
Company Positive News
- Quarterly PAT growth signals improving operational efficiency.
- DII holdings increased, reflecting domestic institutional support.
Industry
- Industry PE at 22.1 suggests sector trades at moderate valuations compared to TORNTPOWER’s P/E of 22.6.
- Power sector remains stable with long-term demand outlook.
Conclusion
⚖️ TORNTPOWER is consolidating near its moving averages, showing indecision in momentum. Short-term traders may consider entry near 1,280–1,290 ₹ with strict stop-loss, targeting 1,320–1,345 ₹ resistance. Long-term investors should wait for a breakout above 1,345 ₹ with sustained volume before fresh positions.