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 2024-02-19 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1642737

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	990.05	955.60	1036.30	952.30	2.615 times
16 Fri Feb 2024	950.50	960.00	981.00	945.00	0.979 times
15 Thu Feb 2024	976.45	907.30	999.90	895.85	3.266 times
14 Wed Feb 2024	901.00	830.00	907.90	814.60	0.996 times
13 Tue Feb 2024	840.95	824.00	846.00	810.00	0.502 times
12 Mon Feb 2024	824.40	890.00	898.65	816.20	0.746 times
09 Fri Feb 2024	893.15	949.00	949.00	875.25	0.543 times
08 Thu Feb 2024	946.40	948.40	979.90	940.05	0.579 times
07 Wed Feb 2024	943.75	925.00	964.95	924.95	0.578 times
06 Tue Feb 2024	916.65	938.00	938.95	891.60	0.55 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 944.5, but if it comes below 944.5, then a intra day sell could be more profitable.
If you take a sell trade below 944.5, then use 944.5 as stoploss and 879.07 as target. However if you take a buy trade in stock , then use 944.5 as stoploss and 1022.9 as target.

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
Downside Target	952.30
Downside Target	979.90
Upside Target	999.90
Upside Target	1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	949.47
Downside Intraday Target	908.88
Upside Intraday Target	1033.47
Upside Intraday Target	1076.88
Upside Intraday Target	992.88

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	990.05	955.60	1036.30	952.30	0.403 times
16 Fri Feb 2024	950.50	890.00	999.90	810.00	1.848 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

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
19 Mon Feb 2024	990.05	856.00	1036.30	810.00	0.635 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 and the buying is gaining 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 944.67 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.