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 2024-02-21 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1874275

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	935.95	973.00	986.00	928.05	0.479 times
20 Tue Feb 2024	969.20	990.50	995.35	964.10	0.532 times
19 Mon Feb 2024	990.05	955.60	1036.30	952.30	2.292 times
16 Fri Feb 2024	950.50	960.00	981.00	945.00	0.858 times
15 Thu Feb 2024	976.45	907.30	999.90	895.85	2.862 times
14 Wed Feb 2024	901.00	830.00	907.90	814.60	0.873 times
13 Tue Feb 2024	840.95	824.00	846.00	810.00	0.44 times
12 Mon Feb 2024	824.40	890.00	898.65	816.20	0.654 times
09 Fri Feb 2024	893.15	949.00	949.00	875.25	0.476 times
08 Thu Feb 2024	946.40	948.40	979.90	940.05	0.507 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 956.5 as stoploss in an intra day sell trade for a target of 893.49. However, stock will show a bullish move above 956.5.

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	928.05
Upside 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	897.23
Downside Intraday Target	858.52
Upside Intraday Target	1005.48
Upside Intraday Target	1075.02
Upside Intraday Target	966.77

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	935.95	955.60	1036.30	928.05	0.581 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 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
21 Wed Feb 2024	935.95	856.00	1036.30	810.00	0.687 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term but buying 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 946.96 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.