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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 2024-09-24 View latest technical analysis

10 day averaged volume of Tamilnadu Petroproducts is 203682

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	93.90	94.00	94.95	93.55	0.976 times
23 Mon Sep 2024	93.44	93.50	94.50	93.01	0.832 times
20 Fri Sep 2024	92.80	92.56	94.15	92.00	0.913 times
19 Thu Sep 2024	92.50	95.10	95.65	92.00	1.646 times
18 Wed Sep 2024	95.01	95.80	96.27	94.50	1.03 times
17 Tue Sep 2024	96.32	97.50	97.54	96.01	0.708 times
16 Mon Sep 2024	97.10	97.40	98.33	96.51	1.359 times
13 Fri Sep 2024	97.15	95.75	97.79	95.75	0.984 times
12 Thu Sep 2024	95.70	95.50	96.50	94.51	0.835 times
11 Wed Sep 2024	94.93	97.80	97.80	94.50	1.125 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 94.3, but if it comes above 94.3, then a intra day buy could be more profitable.
If you take a sell trade below 94.3, then use 94.3 as stoploss and 91.5 as target. However if you take a buy trade in stock , then use 94.3 as stoploss and 96.61 as target.

Share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Target	75.60
Downside Target	80.70
Downside Target	89.00
Upside Target	98.33
Upside Target	98.78
Upside Target	100.76
Upside Target	101.85
Upside Target	104.25
Upside Target	110.77

Intraday share price targets for Tamilnadu Petroproducts (TNPETRO)

Target Type	Value
Downside Intraday Target	92.96
Downside Intraday Target	92.01
Upside Intraday Target	94.9
Upside Intraday Target	95.89
Upside Intraday Target	93.95

Weekly technical analysis of Tamilnadu Petroproducts (TNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	93.90	93.50	94.95	93.01	0.32 times
20 Fri Sep 2024	92.80	97.40	98.33	92.00	1.199 times
13 Fri Sep 2024	97.15	97.44	97.80	94.25	0.604 times
06 Fri Sep 2024	96.40	99.80	100.76	96.00	0.527 times
30 Fri Aug 2024	99.22	101.01	104.25	98.78	0.812 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
24 Tue Sep 2024	93.90	99.80	100.76	92.00	0.363 times
30 Fri Aug 2024	99.22	102.05	104.25	90.50	0.332 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

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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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.

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 moving up

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

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 94.8 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.