TORNTPOWER

Technical Analysis

The daily chart of

shows a sideways consolidation after a sharp recovery from the March 2025 low near ₹1,100 to a peak around ₹1,630 in April. Since then, the stock has been range-bound between ₹1,350 and ₹1,460, lacking strong directional momentum. Currently trading at ₹1,414, the stock is testing the mid-range of this consolidation. Price action suggests indecision, with neither bulls nor bears in control. A breakout above ₹1,460 with volume could resume the uptrend, while a breakdown below ₹1,350 may trigger further downside toward ₹1,250–₹1,200. Traders should wait for a decisive move outside this range for confirmation of the next trend.