Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-09 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1125632

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	893.15	949.00	949.00	875.25	0.792 times
08 Thu Feb 2024	946.40	948.40	979.90	940.05	0.845 times
07 Wed Feb 2024	943.75	925.00	964.95	924.95	0.843 times
06 Tue Feb 2024	916.65	938.00	938.95	891.60	0.802 times
05 Mon Feb 2024	932.35	893.00	969.90	892.85	1.843 times
02 Fri Feb 2024	892.85	889.00	912.70	874.15	1.175 times
01 Thu Feb 2024	885.65	856.00	898.00	856.00	1.088 times
31 Wed Jan 2024	854.00	838.00	857.40	825.00	0.572 times
30 Tue Jan 2024	837.65	829.40	843.80	822.00	0.723 times
29 Mon Jan 2024	823.85	805.00	833.30	803.20	0.879 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 913.2 as stoploss in an intra day sell trade for a target of 861.47. However, stock will show a bullish move above 913.2.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	475.20
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	741.00
Downside Target	803.20
Downside Target	822.20
Downside Target	856.00
Upside Target	908.00
Upside Target	912.70
Upside Target	979.90

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	852.3
Downside Intraday Target	811.45
Upside Intraday Target	956.95
Upside Intraday Target	1020.75
Upside Intraday Target	916.1

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	893.15	893.00	979.90	875.25	1.155 times
02 Fri Feb 2024	892.85	805.00	912.70	803.20	0.842 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

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
09 Fri Feb 2024	893.15	856.00	979.90	856.00	0.227 times
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

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 losing momentum.

MACD generated a BUY signal for Chennai Petroleum in short term and the buy signal is strong.

Chennai Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 898.04 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.