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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 2024-05-27 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 183116

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	86.30	87.35	88.10	86.00	1.086 times
24 Fri May 2024	87.20	87.00	88.90	86.50	1.158 times
23 Thu May 2024	87.10	87.95	88.35	86.80	1.159 times
22 Wed May 2024	87.70	87.40	89.00	86.50	1.662 times
21 Tue May 2024	87.10	87.20	87.45	86.35	1.16 times
18 Sat May 2024	87.05	86.50	87.60	86.15	0.316 times
17 Fri May 2024	86.15	87.05	87.80	85.95	0.708 times
16 Thu May 2024	86.85	85.35	87.60	84.10	1.375 times
15 Wed May 2024	85.00	84.50	86.40	81.25	1.073 times
14 Tue May 2024	83.70	83.00	84.80	82.40	0.735 times

My analysis of stock is bullish for shortterm, and stock might move up till 87.4 or till 89.7. Use a stoploss of 85.44 and if this stock hits its stoploss, then it can fall down till 83.5

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	77.50
Downside Target	79.15
Downside Target	85.55
Upside Target	89.00
Upside Target	89.65
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	85.5
Downside Intraday Target	84.7
Upside Intraday Target	87.6
Upside Intraday Target	88.9
Upside Intraday Target	86.8

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	86.30	87.35	88.10	86.00	0.211 times
24 Fri May 2024	87.20	87.20	89.00	86.35	1.057 times
18 Sat May 2024	87.05	82.20	87.80	80.70	1.299 times
10 Fri May 2024	82.00	86.95	87.05	81.70	0.937 times
03 Fri May 2024	86.10	88.45	89.65	85.55	0.389 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
27 Mon May 2024	86.30	86.80	89.00	80.70	0.476 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 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 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 Strong and stock is losing momentum.

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

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 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 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

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 86.57 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 negative.

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