‹ All Posts
Shashank Gupta

16th Jul · SEBI-Registered Analyst

TORNTPHARM

Torrent Pharmaceuticals remains bullish, with the current trend having shifted to this stance on 22 Jun 2026 at a price level of Rs.4,457.75. Key technical indicators such as MACD, Bollinger Bands, KST, Dow Theory, and On-Balance Volume (OBV) all signal bullish momentum on weekly and monthly charts. The Relative Strength Index (RSI) shows mixed signals, with no clear indication on the weekly chart and a bearish tone on the monthly chart, suggesting some caution in the longer term. Immediate support is identified at the 52-week low of Rs.3,375.75, while resistance levels include the 20-day moving average at Rs.4,697.31 and the 100-day moving average at Rs.4,387.44. The stock’s recent all-time high at Rs.5,053.05 represents a far resistance level, which it has successfully breached, marking a significant technical achievement.

#TechnicalViews
993 likes·45 comments