Torrent Power ends fifth weekly fall near Rs 1,188

Torrent Power closed a fifth straight weekly decline at Rs 1,188.6, just above the Rs 1,188 support, with Rs 1,327 as the first resistance. Torrent Power Limited [

] closed the week at Rs 1,188.6, down 4.37 percent, its fifth straight weekly loss. The stock tested the major Rs 1,188 support and touched a low of Rs 1,178.5 during the week. On the weekly chart, Rs 1,188 has acted as a base since early 2025, so the close just above it matters. The stock has fallen about 35 percent from the Rs 1,824 high of 27 April 2026. Daily RSI is near 32, close to the oversold zone, but it has not turned up. Volume stayed light on the fall. The trend is bearish, and a close near a key support is not a reversal signal. Without a bounce, repeated tests can weaken a support level. A weekly close below Rs 1,188 may open more downside. What next: the market may act on Rs 1,327 as the first resistance. A move above it with better volume may ease the selling pressure. Conclusion: the stance stays bearish while the price is below Rs 1,327, with Rs 1,178 as the level to watch. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.