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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 2024-04-12 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 435612

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	85.80	87.80	89.30	85.45	0.917 times
10 Wed Apr 2024	87.70	87.70	88.75	87.15	0.627 times
09 Tue Apr 2024	87.65	88.05	88.85	86.75	0.284 times
08 Mon Apr 2024	88.20	90.15	90.15	87.60	0.407 times
05 Fri Apr 2024	89.45	88.80	89.95	88.05	0.61 times
04 Thu Apr 2024	88.75	88.95	89.20	87.00	0.86 times
03 Wed Apr 2024	88.30	85.50	89.80	85.10	1.46 times
02 Tue Apr 2024	85.70	84.25	85.90	82.70	0.934 times
01 Mon Apr 2024	84.10	79.25	84.80	79.15	1.327 times
28 Thu Mar 2024	78.00	80.65	81.35	77.50	1.324 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 87.2 as stoploss in an intra day sell trade for a target of 83.41. However, stock will show a bullish move above 87.2.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	77.50
Downside Target	83.20
Downside Target	85.45
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	84.12
Downside Intraday Target	82.43
Upside Intraday Target	88.82
Upside Intraday Target	91.83
Upside Intraday Target	87.13

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
12 Fri Apr 2024	85.80	79.25	90.15	79.15	0.449 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Tamilnadu Petroproducts in short term but SELL 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

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 85.62 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.