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Monday 13 April 2015

Torrent Power buy recommendation for 15 April 2015

EOD Performance Sheet

 TORNTPOWER closed up   8.900 at 171.500.  Volume was 1% above average (neutral) and Bollinger Bands were 26% narrower than normal. 

Open     High      Low     Close     Volume___
162.250  173.000  162.250  171.500     598,965

Technical Outlook 
Short Term:          Neutral
Intermediate Term:   Bearish
Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period
Close:            163.54         167.07         155.73
Volatility:           40             34             54
Volume:          369,030        406,113        694,350

   TORNTPOWER is currently 10.1% above its 200-period moving average and is in an downward trend.  Volatility is extremely high when compared to the average volatility over the last 10 periods.  There is a good possibility that volatility will decrease and prices will stabilize in the near term.  Our volume indicators reflect volume flowing into and out of TORNTPOWER at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on TORNTPOWER and have had this outlook for the last 26 periods. 

                        See more details : How to Trade ?


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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