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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 2024-06-07 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 241329

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	83.80	83.35	85.00	82.80	0.87 times
06 Thu Jun 2024	82.95	82.80	83.90	79.15	0.705 times
05 Wed Jun 2024	81.90	81.00	82.50	78.50	0.767 times
04 Tue Jun 2024	80.70	82.50	83.50	75.60	2.057 times
03 Mon Jun 2024	82.55	83.20	84.50	82.25	0.721 times
31 Fri May 2024	82.45	83.15	84.05	81.75	0.653 times
30 Thu May 2024	82.95	84.25	85.30	82.15	0.551 times
29 Wed May 2024	84.75	84.30	86.90	83.75	1.664 times
28 Tue May 2024	84.10	85.55	86.30	83.35	1.177 times
27 Mon May 2024	86.30	87.35	88.10	86.00	0.824 times

My analysis of stock is bearish for shortterm, and stock might move down till 82.5 or till 80. Use a stoploss of 84.63 and if the stock hits stoploss, then it can shoot up till 86.74

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	75.60
Downside Target	77.50
Downside Target	79.15
Upside Target	85.00
Upside Target	87.80
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	77.93
Downside Intraday Target	72.07
Upside Intraday Target	87.33
Upside Intraday Target	90.87
Downside Intraday Target	81.47

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	83.80	83.20	85.00	75.60	1.052 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 up 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
07 Fri Jun 2024	83.80	83.20	85.00	75.60	0.302 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Tamilnadu Petroproducts Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 83.13 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 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.