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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 2024-02-14 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1100940

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	901.00	830.00	907.90	814.60	1.486 times
13 Tue Feb 2024	840.95	824.00	846.00	810.00	0.749 times
12 Mon Feb 2024	824.40	890.00	898.65	816.20	1.113 times
09 Fri Feb 2024	893.15	949.00	949.00	875.25	0.81 times
08 Thu Feb 2024	946.40	948.40	979.90	940.05	0.863 times
07 Wed Feb 2024	943.75	925.00	964.95	924.95	0.862 times
06 Tue Feb 2024	916.65	938.00	938.95	891.60	0.82 times
05 Mon Feb 2024	932.35	893.00	969.90	892.85	1.884 times
02 Fri Feb 2024	892.85	889.00	912.70	874.15	1.201 times
01 Thu Feb 2024	885.65	856.00	898.00	856.00	1.112 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 916.6 as stoploss in an intra day sell trade for a target of 864.19. However, stock will show a bullish move above 916.6.

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	741.00
Downside Target	803.20
Downside Target	875.25
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	838.03
Downside Intraday Target	775.07
Upside Intraday Target	935.93
Upside Intraday Target	970.87
Downside Intraday Target	872.97

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	901.00	890.00	907.90	810.00	0.639 times
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

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
14 Wed Feb 2024	901.00	856.00	979.90	810.00	0.328 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 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 BUY. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 899.58 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.