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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 2024-06-21 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 473192

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	90.83	91.19	93.19	90.45	0.851 times
20 Thu Jun 2024	90.71	90.31	92.80	90.31	1.395 times
19 Wed Jun 2024	90.11	91.19	92.85	89.50	1.209 times
18 Tue Jun 2024	90.97	91.00	93.25	90.20	1.052 times
14 Fri Jun 2024	90.83	87.13	93.43	87.06	2.866 times
13 Thu Jun 2024	87.13	87.60	88.18	86.60	0.484 times
12 Wed Jun 2024	86.71	86.95	87.85	86.10	0.442 times
11 Tue Jun 2024	86.47	86.50	88.00	85.70	0.793 times
10 Mon Jun 2024	85.70	84.80	87.00	84.41	0.956 times
07 Fri Jun 2024	83.80	83.35	85.00	82.80	0.444 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 89.2, but if it comes below 89.2, then a intra day sell could be more profitable.
If you take a sell trade below 89.2, then use 89.2 as stoploss and 85.96 as target. However if you take a buy trade in stock , then use 89.2 as stoploss and 93.1 as target.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	75.60
Downside Target	77.50
Downside Target	79.15
Downside Target	84.41
Downside Target	88.10
Upside Target	91.20
Upside Target	91.95
Upside Target	93.25
Upside Target	93.43
Upside Target	95.10
Upside Target	114.00

Intraday share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Intraday Target	89.14
Downside Intraday Target	87.44
Upside Intraday Target	92.89
Upside Intraday Target	94.94
Upside Intraday Target	91.19

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	90.83	91.00	93.25	89.50	0.813 times
14 Fri Jun 2024	90.83	84.80	93.43	84.41	2.121 times
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

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
21 Fri Jun 2024	90.83	83.20	93.43	75.60	1.465 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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 green color and prices are above the green 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

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 89.31 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 positive

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