500420 NEWS why is Torrent Phar price falling or rising

500420 NEWS reasons for why stock price of Torrent Phar is falling or rising

500420 Torrent Phar is falling or rising technical reasons

Technical analysis forecast for Torrent Phar Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Torrent Phar 500420 at this time. Stock is falling and might fall more.

It appears as if Torrent Phar 500420 gave a large move recently.

Stock of Torrent Phar (500420) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Torrent Phar is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2531.6 as stoploss in an intra day buy trade for a target of 2575.1. However, stock will show a bearish move below 2531.6.

500420 Torrent Phar is falling or rising NEWS fundamental reasons

Tata Consumer Products, Torrent Pharma among 5 stocks with top short covering Short covering signals a shift in view on a security from extreme bearishness to bullishness. - NEWS as on 2024-04-16 indiatimes.com

More announcements and NEWS

500420 Torrent Phar current price & indicator signals

Moving Averages for Torrent Phar

  • 5Day Average: 2543.36
  • 12Day Average: 2570.8
  • 20Day Average: 2569.89
  • 50Day Average: 2612.17
  • 100Day Average: 2451.85
  • 150Day Average: 2278.51
  • 200Day Average: 2195.61

500420 Indicators & signals

Indicator MACD (12,26,9)

2563.05, 2579.35, -10.11
Indicator MACD is in negative zone

Indicator ADX (14)

12.52, 16.7, 21.48
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 500420 Torrent Phar are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 2536.85 2525.00 to 2559.00 -0.42% 0.37 times
18 Thu Apr 2024 2547.50 2533.35 to 2580.60 0.43% 0.47 times
16 Tue Apr 2024 2536.65 2508.65 to 2542.85 0.68% 0.37 times
15 Mon Apr 2024 2519.40 2515.00 to 2573.40 -2.21% 0.46 times
12 Fri Apr 2024 2576.40 2555.60 to 2595.90 -0.06% 0.29 times
10 Wed Apr 2024 2578.00 2556.00 to 2588.25 -0.03% 0.5 times
09 Tue Apr 2024 2578.90 2565.00 to 2609.15 -0.74% 1.56 times
08 Mon Apr 2024 2598.05 2540.05 to 2625.20 0.77% 1.51 times
05 Fri Apr 2024 2578.20 2549.00 to 2618.90 1.4% 1.97 times
04 Thu Apr 2024 2542.60 2528.00 to 2602.00 -1.79% 1.7 times
03 Wed Apr 2024 2588.90 2585.00 to 2668.20 -2.97% 1.17 times
02 Tue Apr 2024 2668.20 2643.65 to 2684.95 -0.38% 0.62 times

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500420 NEWS why is Torrent Phar price falling or rising

 

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