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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 2024-03-22 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 372877

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	80.80	81.15	82.50	80.55	0.978 times
21 Thu Mar 2024	80.70	80.60	81.70	80.05	1.004 times
20 Wed Mar 2024	80.00	79.60	81.50	78.30	0.884 times
19 Tue Mar 2024	79.25	81.50	81.60	78.90	0.772 times
18 Mon Mar 2024	81.15	82.10	83.20	80.20	0.685 times
15 Fri Mar 2024	81.85	82.80	83.80	79.95	0.858 times
14 Thu Mar 2024	82.55	79.55	83.40	79.55	1.266 times
13 Wed Mar 2024	79.55	85.55	87.10	78.50	2.112 times
12 Tue Mar 2024	85.10	89.35	89.90	84.60	0.767 times
11 Mon Mar 2024	88.95	92.80	93.10	88.50	0.626 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 81.6, but if it comes above 81.6, then a intra day buy could be more profitable.
If you take a sell trade below 81.6, then use 81.6 as stoploss and 74.6 as target. However if you take a buy trade in stock , then use 81.6 as stoploss and 87.38 as target.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	78.30
Upside Target	83.20
Upside Target	87.80
Upside Target	91.20
Upside Target	93.10
Upside Target	95.10
Upside Target	97.40
Upside Target	97.80
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	78.33
Downside Intraday Target	75.87
Upside Intraday Target	83.23
Upside Intraday Target	85.67
Downside Intraday Target	80.77

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	80.80	82.10	83.20	78.30	0.768 times
15 Fri Mar 2024	81.85	92.80	93.10	78.50	1.602 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

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
22 Fri Mar 2024	80.80	92.80	95.10	78.30	0.259 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 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 81.51 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.