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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 2024-03-07 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 259569

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	92.80	91.15	94.65	90.35	1.473 times
06 Wed Mar 2024	90.15	93.00	93.15	89.00	1.445 times
05 Tue Mar 2024	92.40	92.80	93.95	92.10	0.787 times
04 Mon Mar 2024	92.40	94.50	95.10	91.80	1.343 times
02 Sat Mar 2024	94.45	94.05	94.90	93.30	0.141 times
01 Fri Mar 2024	93.25	92.80	94.90	92.80	0.702 times
29 Thu Feb 2024	92.55	92.00	94.50	91.50	1.11 times
28 Wed Feb 2024	91.95	94.00	95.40	91.20	1.179 times
27 Tue Feb 2024	93.60	94.75	95.55	93.10	1.117 times
26 Mon Feb 2024	94.05	97.45	97.80	93.70	1.283 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 91.9 as stoploss in an intra day buy trade for a target of 95.17. However, stock will show a bearish move below 91.9.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	87.80
Downside Target	91.20
Upside Target	94.20
Upside Target	97.40
Upside Target	97.80
Upside Target	103.15
Upside Target	103.45
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	89.5
Downside Intraday Target	86.2
Upside Intraday Target	95.6
Upside Intraday Target	98.4
Downside Intraday Target	92.3

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	92.80	94.50	95.10	89.00	0.912 times
02 Sat Mar 2024	94.45	97.45	97.80	91.20	0.725 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

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
07 Thu Mar 2024	92.80	92.80	95.10	89.00	0.075 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 92.52 and Tamilnadu Petroproducts (TNPETRO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.