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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 2024-04-10 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 452226

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	87.70	87.70	88.75	87.15	0.604 times
09 Tue Apr 2024	87.65	88.05	88.85	86.75	0.273 times
08 Mon Apr 2024	88.20	90.15	90.15	87.60	0.392 times
05 Fri Apr 2024	89.45	88.80	89.95	88.05	0.588 times
04 Thu Apr 2024	88.75	88.95	89.20	87.00	0.828 times
03 Wed Apr 2024	88.30	85.50	89.80	85.10	1.406 times
02 Tue Apr 2024	85.70	84.25	85.90	82.70	0.9 times
01 Mon Apr 2024	84.10	79.25	84.80	79.15	1.279 times
28 Thu Mar 2024	78.00	80.65	81.35	77.50	1.276 times
27 Wed Mar 2024	80.25	78.40	83.30	78.40	2.088 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 87.2, but if it comes below 87.2, then a intra day sell could be more profitable.
If you take a sell trade below 87.2, then use 87.2 as stoploss and 83.37 as target. However if you take a buy trade in stock , then use 87.2 as stoploss and 91.7 as target.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	77.50
Downside Target	83.20
Downside Target	86.75
Upside Target	88.80
Upside Target	90.15
Upside Target	91.20
Upside Target	93.10
Upside Target	95.10
Upside Target	97.40
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	86.25
Downside Intraday Target	84.8
Upside Intraday Target	89.65
Upside Intraday Target	91.6
Upside Intraday Target	88.2

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	87.70	90.15	90.15	86.75	0.254 times
05 Fri Apr 2024	89.45	79.25	89.95	79.15	1.154 times
28 Thu Mar 2024	78.00	81.70	83.30	77.50	1.216 times
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

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
10 Wed Apr 2024	87.70	79.25	90.15	79.15	0.394 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
31 Wed Jan 2024	102.00	100.60	110.50	97.40	0.753 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 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 term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Tamilnadu Petroproducts ( (TNPETRO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 losing momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Tamilnadu Petroproducts in short term and BUY 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

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 84.44 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 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 negative.

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