Munafa TORNTPOWER (target) price & Options chain analysis (Torrent Power Limited) Option chain analysis (TORNTPOWER) 30 Tue April Expiry

Munafa TORNTPOWER (target) price & Options chain analysis (Torrent Power Limited) Option chain analysis (TORNTPOWER) 30 Tue April Expiry Which Call CE or PUT PE options to buy or sell in Torrent Power Limited TORNTPOWER

TORNTPOWER Most Active Call Put Options

TORNTPOWER SPOT Price: 1500.00 as on 30 Apr, 2024

Torrent Power Limited (TORNTPOWER) target & price

TORNTPOWER Target	Price
Target up:	1601.5
Target up:	1550.75
Target up:	1537.5
Target up:	1524.25
Target down:	1473.5
Target down:	1460.25
Target down:	1447

Date	Close	Open	High	Low	Volume
30 Tue Apr 2024	1500.00	1534.90	1575.00	1497.75	1.05 M
29 Mon Apr 2024	1534.90	1504.70	1557.00	1494.25	0.69 M
26 Fri Apr 2024	1489.80	1517.95	1519.95	1485.50	0.23 M
25 Thu Apr 2024	1509.80	1522.40	1532.65	1501.00	0.31 M
24 Wed Apr 2024	1515.10	1516.50	1534.40	1496.00	0.37 M
23 Tue Apr 2024	1504.55	1491.00	1555.95	1488.25	0.79 M
22 Mon Apr 2024	1476.60	1519.00	1531.20	1470.05	0.46 M
19 Fri Apr 2024	1501.15	1512.00	1531.85	1477.00	0.6 M

Quick Charts: Renko Point & Figure Just IntraDay All Indicators Weekly Monthly All in One Eagle View MACD & ADX

Munafa TORNTPOWER (target) price & Options chain analysis (Torrent Power Limited) Option chain analysis (TORNTPOWER) 30 Tue April Expiry

TORNTPOWER Option Chain Data Analysis for Torrent Power Limited TORNTPOWER option chain

Maximum Call writing has been for strikes:
Until yesterday Maximum Call writing has been for strikes:

Open Interest of Call writers for the options of Torrent Power Limited TORNTPOWER is shifting downwards. This would mean that markets are slowly moving downwards, and buying CALLS and CE might not be profitable.

Maximum Put writing has been for strikes:
Until yesterday Maximum Put writing has been for strikes:

Open Interest of PUT writers for the options of Torrent Power Limited TORNTPOWER is shifting downwards. This would mean that markets are slowly moving downwards, and buying PUTS and PE might be more profitable. However, above mentioned levels will serve as support so avoid buying PE below those above mentioned levels.

TORNTPOWER Option Chain Price Analysis for Torrent Power Limited TORNTPOWER option chain

Stock is 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 Power Limited TORNTPOWER at this time.

It appears as if Torrent Power Limited TORNTPOWER gave a large move recently.

Stock of Torrent Power Limited (TORNTPOWER) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Torrent Power Limited is bearish for shortterm, and stock might move down till 1469.9 or till 1420.3. Use a stoploss of 1511.34 and if the stock hits stoploss, then it can shoot up till 1552.73

Torrent Power Limited TORNTPOWER Option Chain, OTM CE, ITM PE

Below is full option chain of Torrent Power Limited for strikes which are OTM CALLS (CE), and ITM PUTS (PE).
These are CALLS which have only time value in them, no intrinsic value. PUTS however have both time value and intrinsic value in the premium.

Torrent Power Limited TORNTPOWER Option Chain, ITM CE, OTM PE

Below is full option chain of Torrent Power Limited for strikes which are ITM CALLS (CE), and OTM PUTS (PE).
These are PUTS which have only time value in them, no intrinsic value. CALLS however have both time value and intrinsic value in the premium.

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