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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 2024-03-11 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 274600

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	88.95	92.80	93.10	88.50	0.85 times
07 Thu Mar 2024	92.80	91.15	94.65	90.35	1.393 times
06 Wed Mar 2024	90.15	93.00	93.15	89.00	1.366 times
05 Tue Mar 2024	92.40	92.80	93.95	92.10	0.744 times
04 Mon Mar 2024	92.40	94.50	95.10	91.80	1.269 times
02 Sat Mar 2024	94.45	94.05	94.90	93.30	0.133 times
01 Fri Mar 2024	93.25	92.80	94.90	92.80	0.663 times
29 Thu Feb 2024	92.55	92.00	94.50	91.50	1.049 times
28 Wed Feb 2024	91.95	94.00	95.40	91.20	1.115 times
27 Tue Feb 2024	93.60	94.75	95.55	93.10	1.056 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 91.5, but if it comes above 91.5, then a intra day buy could be more profitable.
If you take a sell trade below 91.5, then use 91.5 as stoploss and 87.3 as target. However if you take a buy trade in stock , then use 91.5 as stoploss and 94.97 as target.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	87.80
Upside Target	91.20
Upside Target	95.10
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	87.27
Downside Intraday Target	85.58
Upside Intraday Target	91.87
Upside Intraday Target	94.78
Upside Intraday Target	90.18

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	88.95	92.80	93.10	88.50	0.178 times
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

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
11 Mon Mar 2024	88.95	92.80	95.10	88.50	0.087 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 down 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Tamilnadu Petroproducts in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 92.02 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.