TORNTPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | TORNTPOWER | Market Cap | 87,478 Cr. | Current Price | 1,736 ₹ | High / Low | 1,824 ₹ |
| Stock P/E | 27.1 | Book Value | 370 ₹ | Dividend Yield | 1.09 % | ROCE | 16.9 % |
| ROE | 18.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,514 ₹ | DMA 200 | 1,414 ₹ |
| Chg in FII Hold | 0.08 % | Chg in DII Hold | 0.08 % | PAT Qtr | 712 Cr. | PAT Prev Qtr | 746 Cr. |
| RSI | 68.1 | MACD | 82.6 | Volume | 8,17,045 | Avg Vol 1Wk | 12,27,403 |
| Low price | 1,188 ₹ | High price | 1,824 ₹ | PEG Ratio | 0.51 | Debt to equity | 0.38 |
| 52w Index | 86.2 % | Qtr Profit Var | 93.2 % | EPS | 64.2 ₹ | Industry PE | 30.5 |
📈 Chart & Trend: TORNTPOWER is trading well above both its 50 DMA (1,514 ₹) and 200 DMA (1,414 ₹), confirming strong bullish momentum. RSI at 68.1 indicates near overbought territory, while MACD at 82.6 shows strong bullish crossover. Bollinger Bands are widening, suggesting volatility expansion and continuation of the uptrend.
🔑 Momentum Signals: Current price (1,736 ₹) is holding above support at 1,720–1,730 ₹. Resistance levels are seen at 1,760 ₹ and 1,800 ₹. Volume (8.17L) is below the 1-week average (12.27L), showing reduced participation but still supportive of trend continuation.
🎯 Entry Zone: 1,720–1,730 ₹ near support.
💰 Exit Zone: 1,760 ₹ (partial profit) and 1,800 ₹ (full exit).
📊 Trend Status: Strong bullish trend with momentum intact.
Positive
- Strong ROCE (16.9%) and ROE (18.7%) highlight profitability.
- EPS at 64.2 ₹ supports valuation strength.
- PEG ratio at 0.51 indicates attractive growth-adjusted valuation.
- Price trading above both 50 DMA and 200 DMA confirms bullish structure.
- FII and DII holdings both increased (+0.08%).
Limitation
- RSI at 68.1 indicates near overbought levels, limiting immediate upside.
- Volume below average, reducing breakout conviction.
- Sequential PAT decline (712 Cr. vs 746 Cr.).
- Debt-to-equity ratio at 0.38 adds moderate financial risk.
Company Negative News
- Sequential profit decline despite strong year-on-year growth.
- Volume weakness compared to average turnover.
Company Positive News
- Strong year-on-year profit growth (+93.2%).
- EPS and profitability metrics remain robust.
- Institutional confidence with both FII and DII inflows.
Industry
- Industry PE at 30.5 suggests sector trading at moderate valuations compared to TORNTPOWER’s 27.1, indicating relative undervaluation.
- Power sector benefiting from rising demand and infrastructure expansion.
Conclusion
TORNTPOWER is in a strong bullish trend supported by MACD, RSI, and price action above key moving averages. Entry near 1,720–1,730 ₹ is favorable with exits at 1,760–1,800 ₹. While fundamentals remain strong with attractive PEG ratio and profitability, sequential profit decline and low volume participation warrant cautious optimism. Best suited for swing trades with potential medium-term continuation.