Barring a situation where prayer would be forbidden like an unclean area, is it OK to say Tehillim anywhere, at any time, even repeating the same chapter multiple times in succession?
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The Tzemach Tzedek (Lubavitch) wrote, that if we only knew the power of saying Psalms, and the positive spiritual effect they had we would say them constantly!
See this video: Hayom Yom Shevat 24.
And the text can be found here