Torrent Power share price rebounds 10% in 7 sessions; Analyst sees further 14.5% upside in a month

Torrent Power, a leading integrated power program, saw that the share price had recovered, with 10.24% over seven sessions up to £ 1309. While the share has dropped, analysts expect it to maintain momentum and potentially scale to £ 1,500, a level that has not been seen since 2025. Hardik Matalia, derivative analyst at Choice Equity Broking Private Limited, noted that the stock showed a strong setback from important support levels where the demand previously emerged on the weekly time frame. In addition, Hardik Matalia said that the stock formed a double -botic pattern supported by a significant volume, indicating a strong congestion and a renewed bullish sentiment. Such technical setups, Hardiknotes, typically provide access opportunities with high probability for medium to long-term investors, especially if supported by favorable pricing structure and volume dynamics. Technically, Torrent Power trades above his 20-day and 50-day EMAs, which now act as immediate support levels. Momentum indicators are also in line with the bullish view. RSI is currently at 62.30 and tends to the daily timeframe, which is an indication of strengthening the bullish momentum and raising interest. “Based on these technical triggers, we recommend a purchase on Torrent power at the current market price of £ 1.315, with a stop loss at £ 1.225 and a target of £ 1,500, making it a strong medium to long-term investment candidate,” Hardik Matalia said. The target price indicates an upward potential of 14.5% of the recent closing level of the share. Torrent Power share price trend Although the share has a recovery in October, which has risen 7.45% so far, it remained an underachiever, after losing 12% of the value, influenced by the continued decline between July and September, during which it fell 17%. If the stock still remains under pressure in the coming months, it will be its first annual decline in two years. In terms of long-term performance, the stock delivered a huge profit over 174% over three years and 340% over a five-year period. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.