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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 2024-06-04 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 229024

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	80.70	82.50	83.50	75.60	2.168 times
03 Mon Jun 2024	82.55	83.20	84.50	82.25	0.76 times
31 Fri May 2024	82.45	83.15	84.05	81.75	0.688 times
30 Thu May 2024	82.95	84.25	85.30	82.15	0.58 times
29 Wed May 2024	84.75	84.30	86.90	83.75	1.754 times
28 Tue May 2024	84.10	85.55	86.30	83.35	1.241 times
27 Mon May 2024	86.30	87.35	88.10	86.00	0.868 times
24 Fri May 2024	87.20	87.00	88.90	86.50	0.926 times
23 Thu May 2024	87.10	87.95	88.35	86.80	0.926 times
22 Wed May 2024	87.70	87.40	89.00	86.50	1.329 times

Stock of Tamilnadu Petroproducts (TNPETRO) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 79.8, for a target of 82.4 or 84.58

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	75.60
Downside Target	77.50
Downside Target	79.15
Upside Target	84.50
Upside Target	86.35
Upside Target	88.10
Upside Target	89.00
Upside Target	91.20
Upside Target	91.95
Upside Target	95.10
Upside Target	114.00

Intraday share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Intraday Target	76.03
Downside Intraday Target	71.37
Upside Intraday Target	84.93
Upside Intraday Target	89.17
Downside Intraday Target	80.27

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	80.70	83.20	84.50	75.60	0.571 times
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

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
04 Tue Jun 2024	80.70	83.20	84.50	75.60	0.164 times
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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Tamilnadu Petroproducts stock for short term is SELL. Signal strength is Strong 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 weakening, and bulls 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 and SELL 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

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 84.38 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.