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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 2024-08-23 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 478417

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	99.47	100.98	101.90	99.02	0.985 times
22 Thu Aug 2024	99.90	102.74	104.00	99.00	3.441 times
21 Wed Aug 2024	100.90	95.85	103.00	95.85	2.377 times
20 Tue Aug 2024	95.31	94.31	96.21	94.31	0.624 times
19 Mon Aug 2024	93.82	94.32	94.85	93.60	0.339 times
16 Fri Aug 2024	93.41	92.60	94.37	92.60	0.304 times
14 Wed Aug 2024	92.28	92.70	94.70	90.50	0.491 times
13 Tue Aug 2024	92.65	94.99	95.38	92.50	0.446 times
12 Mon Aug 2024	94.46	93.23	96.30	93.23	0.756 times
09 Fri Aug 2024	94.93	95.76	96.17	94.10	0.666 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 101.2 as stoploss in an intra day sell trade for a target of 97.35. However, stock will show a bullish move above 101.2.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	75.60
Downside Target	79.15
Downside Target	89.00
Downside Target	98.00
Upside Target	99.60
Upside Target	101.85
Upside Target	104.00
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	94.05
Downside Intraday Target	88.62
Upside Intraday Target	104.45
Upside Intraday Target	109.42
Downside Intraday Target	99.02

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	99.47	94.32	104.00	93.60	3.888 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	99.47	102.05	104.00	90.50	0.243 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 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 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 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 losing 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Tamilnadu Petroproducts in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 98.05 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.