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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 2024-01-31 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1372466

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	854.00	838.00	857.40	825.00	0.469 times
30 Tue Jan 2024	837.65	829.40	843.80	822.00	0.593 times
29 Mon Jan 2024	823.85	805.00	833.30	803.20	0.721 times
25 Thu Jan 2024	799.95	762.00	805.50	761.95	1.009 times
24 Wed Jan 2024	755.10	763.05	772.90	741.00	0.746 times
23 Tue Jan 2024	767.90	820.00	820.00	761.00	2.105 times
22 Mon Jan 2024	848.70	886.00	891.00	832.55	0.46 times
19 Fri Jan 2024	891.10	873.00	896.25	870.05	0.838 times
18 Thu Jan 2024	872.75	858.00	878.00	834.45	1.018 times
17 Wed Jan 2024	855.70	839.10	873.00	831.90	1.408 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 860.2 as stoploss in an intra day sell trade for a target of 800.33. However, stock will show a bullish move above 860.2.

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	803.20
Downside Target	822.20
Upside Target	857.40
Upside Target	891.00
Upside Target	908.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	819
Downside Intraday Target	784
Upside Intraday Target	873.2
Upside Intraday Target	892.4
Downside Intraday Target	838.2

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	854.00	805.00	857.40	803.20	0.413 times
25 Thu Jan 2024	799.95	886.00	891.00	741.00	0.637 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

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
31 Wed Jan 2024	854.00	705.00	908.00	693.05	1.413 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 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 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 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 SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 822.95 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 falling down

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.