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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 2024-01-24 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2629222

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	755.10	763.05	772.90	741.00	0.389 times
23 Tue Jan 2024	767.90	820.00	820.00	761.00	1.099 times
22 Mon Jan 2024	848.70	886.00	891.00	832.55	0.24 times
19 Fri Jan 2024	891.10	873.00	896.25	870.05	0.437 times
18 Thu Jan 2024	872.75	858.00	878.00	834.45	0.531 times
17 Wed Jan 2024	855.70	839.10	873.00	831.90	0.735 times
16 Tue Jan 2024	840.85	842.65	859.05	822.20	0.575 times
15 Mon Jan 2024	837.30	836.00	908.00	833.65	1.261 times
12 Fri Jan 2024	833.65	847.90	849.00	823.55	0.798 times
11 Thu Jan 2024	858.05	745.95	868.70	743.45	3.919 times

My analysis of stock is bearish for shortterm, and stock might move down till 708 or till 627. Use a stoploss of 775.55 and if the stock hits stoploss, then it can shoot up till 843.08

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
Upside Target	822.20
Upside Target	868.70
Upside Target	891.00
Upside Target	908.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	700.4
Downside Intraday Target	645.7
Upside Intraday Target	850.4
Upside Intraday Target	945.7
Upside Intraday Target	795.7

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	755.10	886.00	891.00	741.00	0.488 times
19 Fri Jan 2024	891.10	836.00	908.00	822.20	0.642 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

Price has moved down 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
24 Wed Jan 2024	755.10	705.00	908.00	693.05	1.266 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

Chennai Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 840.39 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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.