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(TNPETRO) Tamilnadu Petroproducts complete technical analysis [charts+indicators] | Buy/Sell Tamilnadu Petroproducts | (TNPETRO) share price targets

Complete technical analysis of Tamilnadu Petroproducts (TNPETRO) by charts plus indicators, forecast predictions and share price targets for Tamilnadu Petroproducts (TNPETRO)

Tamilnadu Petroproducts trades in NSE in Commodity Chemicals sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 384621

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	93.25	92.80	94.90	92.80	0.474 times
29 Thu Feb 2024	92.55	92.00	94.50	91.50	0.749 times
28 Wed Feb 2024	91.95	94.00	95.40	91.20	0.796 times
27 Tue Feb 2024	93.60	94.75	95.55	93.10	0.754 times
26 Mon Feb 2024	94.05	97.45	97.80	93.70	0.866 times
23 Fri Feb 2024	96.50	96.85	98.45	96.05	0.604 times
22 Thu Feb 2024	96.35	97.70	98.55	94.80	1.037 times
21 Wed Feb 2024	97.15	100.15	100.20	97.00	0.735 times
20 Tue Feb 2024	99.50	100.95	101.65	99.00	0.988 times
19 Mon Feb 2024	100.85	100.75	103.45	100.55	1.784 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 92.9 as stoploss in an intra day buy trade for a target of 98.51. However, stock will show a bearish move below 92.9.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	87.80
Downside Target	91.20
Upside Target	97.80
Upside Target	100.10
Upside Target	103.15
Upside Target	103.45
Upside Target	107.40
Upside Target	108.40
Upside Target	110.50
Upside Target	114.00

Intraday share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Intraday Target	90.37
Downside Intraday Target	87.48
Upside Intraday Target	96.97
Upside Intraday Target	100.68
Upside Intraday Target	94.08

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	93.25	97.45	97.80	91.20	0.707 times
23 Fri Feb 2024	96.50	100.75	103.45	94.80	0.495 times
16 Fri Feb 2024	101.30	97.00	103.15	91.35	0.364 times
09 Fri Feb 2024	96.65	105.35	114.00	95.50	2.691 times
02 Fri Feb 2024	104.60	102.25	107.40	100.10	2.342 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	93.25	92.80	94.90	92.80	0.009 times
29 Thu Feb 2024	92.55	102.25	114.00	91.20	1.029 times
31 Wed Jan 2024	102.00	100.60	110.50	97.40	0.753 times
29 Fri Dec 2023	100.30	89.65	108.40	88.80	5.93 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Tamilnadu Petroproducts (TNPETRO)

Price action analysis of Tamilnadu Petroproducts ( (TNPETRO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Tamilnadu Petroproducts ( (TNPETRO) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Tamilnadu Petroproducts ( (TNPETRO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Tamilnadu Petroproducts stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Tamilnadu Petroproducts in short term and the sell signal is strong.

Tamilnadu Petroproducts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Tamilnadu Petroproducts in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Tamilnadu Petroproducts is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 96.34 and Tamilnadu Petroproducts (TNPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Tamilnadu Petroproducts (TNPETRO) stock. Volume based technical analysis of Tamilnadu Petroproducts (TNPETRO) stock is negative.

Tamilnadu Petroproducts Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.