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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 2024-05-31 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 214607

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	82.45	83.15	84.05	81.75	0.734 times
30 Thu May 2024	82.95	84.25	85.30	82.15	0.619 times
29 Wed May 2024	84.75	84.30	86.90	83.75	1.872 times
28 Tue May 2024	84.10	85.55	86.30	83.35	1.324 times
27 Mon May 2024	86.30	87.35	88.10	86.00	0.927 times
24 Fri May 2024	87.20	87.00	88.90	86.50	0.988 times
23 Thu May 2024	87.10	87.95	88.35	86.80	0.989 times
22 Wed May 2024	87.70	87.40	89.00	86.50	1.418 times
21 Tue May 2024	87.10	87.20	87.45	86.35	0.99 times
18 Sat May 2024	87.05	86.50	87.60	86.15	0.27 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 82.8, but if it comes above 82.8, then a intra day buy could be more profitable.
If you take a sell trade below 82.8, then use 82.8 as stoploss and 80.5 as target. However if you take a buy trade in stock , then use 82.8 as stoploss and 84.78 as target.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	77.50
Downside Target	79.15
Upside 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	80.1
Downside Intraday Target	77.75
Upside Intraday Target	86.45
Upside Intraday Target	90.45
Upside Intraday Target	84.1

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	82.45	87.35	88.10	81.75	1.249 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
31 Fri May 2024	82.45	86.80	89.00	80.70	0.625 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 to mid 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Tamilnadu Petroproducts stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Tamilnadu Petroproducts in short term and the sell signal is strong.

Tamilnadu Petroproducts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 85.7 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.