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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 2024-08-20 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 316845

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	95.31	94.31	96.21	94.31	0.942 times
19 Mon Aug 2024	93.82	94.32	94.85	93.60	0.512 times
16 Fri Aug 2024	93.41	92.60	94.37	92.60	0.459 times
14 Wed Aug 2024	92.28	92.70	94.70	90.50	0.741 times
13 Tue Aug 2024	92.65	94.99	95.38	92.50	0.674 times
12 Mon Aug 2024	94.46	93.23	96.30	93.23	1.142 times
09 Fri Aug 2024	94.93	95.76	96.17	94.10	1.005 times
08 Thu Aug 2024	93.76	96.00	96.70	93.10	0.84 times
07 Wed Aug 2024	95.60	95.05	96.66	93.06	1.245 times
06 Tue Aug 2024	93.27	94.25	99.60	91.30	1.35 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 93.5 as stoploss in an intra day buy trade for a target of 97.73. However, stock will show a bearish move below 93.5.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	75.60
Downside Target	79.15
Downside Target	89.00
Upside Target	98.00
Upside Target	99.60
Upside Target	101.85
Upside Target	102.76
Upside Target	106.17
Upside Target	107.37
Upside Target	110.77

Intraday share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Intraday Target	93.87
Downside Intraday Target	92.43
Upside Intraday Target	96.48
Upside Intraday Target	97.65
Downside Intraday Target	95.04

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	95.31	94.32	96.21	93.60	0.482 times
16 Fri Aug 2024	93.41	93.23	96.30	90.50	0.466 times
09 Fri Aug 2024	94.93	96.00	99.60	91.30	0.556 times
02 Fri Aug 2024	100.07	104.70	106.17	98.00	0.665 times
26 Fri Jul 2024	104.01	99.90	107.37	98.00	0.338 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
20 Tue Aug 2024	95.31	102.05	102.76	90.50	0.146 times
31 Wed Jul 2024	101.58	95.38	110.77	95.09	2.23 times
28 Fri Jun 2024	94.87	83.20	101.85	75.60	3.707 times
31 Fri May 2024	82.45	86.80	89.00	80.70	0.625 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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. 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 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 94.11 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.