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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.

10 day averaged volume of Tamilnadu Petroproducts is 293371

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	86.10	87.45	88.60	85.55	0.581 times
02 Thu May 2024	87.05	86.80	87.80	86.05	0.777 times
30 Tue Apr 2024	86.70	87.25	88.50	86.50	0.564 times
29 Mon Apr 2024	87.50	88.45	89.65	87.05	0.571 times
26 Fri Apr 2024	87.65	89.25	89.85	87.20	1.082 times
25 Thu Apr 2024	88.85	89.45	91.95	88.20	1.339 times
24 Wed Apr 2024	88.65	86.25	90.65	86.25	2.973 times
23 Tue Apr 2024	86.15	86.50	86.85	85.20	0.492 times
22 Mon Apr 2024	85.80	84.45	86.20	84.45	0.521 times
19 Fri Apr 2024	83.65	82.50	85.00	82.00	0.765 times

My analysis of stock is bearish for shortterm, and stock might move down till 85 or till 82.8. Use a stoploss of 86.79 and if the stock hits stoploss, then it can shoot up till 88.58

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	77.50
Downside Target	79.15
Downside Target	81.75
Downside Target	84.45
Upside Target	88.60
Upside Target	91.20
Upside Target	91.95
Upside Target	95.10
Upside Target	97.40
Upside Target	110.50
Upside Target	114.00

Intraday share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Intraday Target	84.55
Downside Intraday Target	83
Upside Intraday Target	88.65
Upside Intraday Target	91.2
Upside Intraday Target	87.1

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	86.10	88.45	89.65	85.55	0.389 times
26 Fri Apr 2024	87.65	84.45	91.95	84.45	1.71 times
19 Fri Apr 2024	83.65	84.00	86.60	81.75	1.13 times
12 Fri Apr 2024	85.80	90.15	90.15	85.45	0.43 times
05 Fri Apr 2024	89.45	79.25	89.95	79.15	1.154 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
03 Fri May 2024	86.10	86.80	88.60	85.55	0.061 times
30 Tue Apr 2024	86.70	79.25	91.95	79.15	0.909 times
28 Thu Mar 2024	78.00	92.80	95.10	77.50	0.355 times
29 Thu Feb 2024	92.55	102.25	114.00	91.20	1.029 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Tamilnadu Petroproducts in short term but the buy signal is initial and weak.

Tamilnadu Petroproducts Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 87.43 and Tamilnadu Petroproducts (TNPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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