Monthly View on Tamilnadu Newsprint & Papers Ltd

Technical View (Monthly Chart) Trend: After a prolonged consolidation and correction since 2022, the stock is showing signs of recovery. Current monthly candle indicates strong buying interest. Support & Resistance: Immediate support: ₹95–₹100 zone (near 20 EMA). Strong support: ₹75–₹80 zone (long-term moving averages). Resistance: ₹115–₹120 zone (current hurdle); breakout above may target ₹135–₹145. •Indicators: RSI (62) – Momentum is positive, not overbought, indicating room for further upside. MACD – Slowly turning bullish, convergence suggests trend reversal possibility. Parabolic SAR – Flipping below price action, adding bullish confirmation. •Conclusion: Technically, the stock is in recovery mode. Sustaining above ₹110 could open room for ₹135+ in the coming months. Future Outlook Short Term (3–6 months): Stock may trade in ₹95–₹135 range. Sustained close above ₹120 could trigger fresh breakout. Long Term (1–3 years): With industrial and FMCG demand expansion, stock has potential to test ₹180–₹200 if sector cycle turns favorable.