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(CHENNPETRO) Chennai Petroleum complete technical analysis [charts+indicators] | Buy/Sell Chennai Petroleum | (CHENNPETRO) share price targets

Complete technical analysis of Chennai Petroleum (CHENNPETRO) by charts plus indicators, forecast predictions and share price targets for Chennai Petroleum (CHENNPETRO)

Chennai Petroleum trades in NSE in Refineries sector.

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2291963

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	872.75	858.00	878.00	834.45	0.61 times
17 Wed Jan 2024	855.70	839.10	873.00	831.90	0.843 times
16 Tue Jan 2024	840.85	842.65	859.05	822.20	0.66 times
15 Mon Jan 2024	837.30	836.00	908.00	833.65	1.446 times
12 Fri Jan 2024	833.65	847.90	849.00	823.55	0.916 times
11 Thu Jan 2024	858.05	745.95	868.70	743.45	4.495 times
10 Wed Jan 2024	738.60	723.95	745.00	720.00	0.463 times
09 Tue Jan 2024	717.80	723.00	730.90	715.00	0.209 times
08 Mon Jan 2024	715.60	724.00	730.90	713.60	0.243 times
05 Fri Jan 2024	720.80	717.80	736.00	712.65	0.421 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 898, for a target of 816.9 or 749.38

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	406.00
Downside Target	475.20
Downside Target	549.40
Downside Target	569.10
Downside Target	612.80
Downside Target	653.45
Downside Target	674.00
Downside Target	693.05
Downside Target	713.60
Downside Target	736.00
Downside Target	741.10
Downside Target	822.20
Downside Target	868.70
Upside Target	908.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	827.3
Downside Intraday Target	781.85
Upside Intraday Target	913.1
Upside Intraday Target	953.45
Downside Intraday Target	867.65

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	872.75	836.00	908.00	822.20	0.563 times
12 Fri Jan 2024	833.65	724.00	868.70	713.60	3.257 times
05 Fri Jan 2024	720.80	705.00	736.00	693.05	1.201 times
29 Fri Dec 2023	696.00	693.00	714.40	674.10	0.447 times
22 Fri Dec 2023	690.15	692.50	741.10	653.45	1.73 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 Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	872.75	705.00	908.00	693.05	1.046 times
29 Fri Dec 2023	696.00	668.80	741.10	653.45	0.609 times
30 Thu Nov 2023	665.45	577.05	674.00	569.10	0.698 times
31 Tue Oct 2023	575.20	511.00	612.80	475.20	1.181 times

Scroll below to view daily charts

Price has moved up 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 Chennai Petroleum (CHENNPETRO)

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) 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 Chennai Petroleum ( (CHENNPETRO) ) based on a short to mid 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 Chennai Petroleum ( (CHENNPETRO) ) 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 Chennai Petroleum stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Chennai Petroleum 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.

Chennai Petroleum 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Chennai Petroleum in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Chennai Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 835.36 and Chennai Petroleum (CHENNPETRO) 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 Chennai Petroleum (CHENNPETRO) stock. Volume based technical analysis of Chennai Petroleum (CHENNPETRO) stock is negative.

Chennai Petroleum 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.