(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 2024-04-12 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 830447
Date | Daily Closing Price | Open | High | Low | Volume |
12 Fri Apr 2024 | 895.80 | 905.10 | 929.30 | 885.30 | 1.201 times |
10 Wed Apr 2024 | 905.05 | 903.20 | 920.80 | 900.55 | 0.461 times |
09 Tue Apr 2024 | 903.15 | 929.80 | 933.85 | 900.00 | 0.641 times |
08 Mon Apr 2024 | 925.85 | 942.10 | 953.60 | 923.00 | 0.587 times |
05 Fri Apr 2024 | 941.40 | 946.25 | 955.75 | 921.30 | 0.87 times |
04 Thu Apr 2024 | 940.10 | 956.65 | 959.20 | 933.60 | 0.766 times |
03 Wed Apr 2024 | 951.85 | 938.80 | 964.95 | 934.10 | 1.625 times |
02 Tue Apr 2024 | 934.10 | 946.95 | 967.65 | 926.65 | 1.158 times |
01 Mon Apr 2024 | 944.30 | 910.00 | 948.60 | 908.25 | 0.893 times |
28 Thu Mar 2024 | 906.80 | 924.00 | 926.85 | 900.00 | 0.78 times |
My analysis of stock is bullish for shortterm, and stock might move up till 934.8 or till 985.6. Use a stoploss of 892.58 and if this stock hits its stoploss, then it can fall down till 850.31
Share price targets for Chennai Petroleum (CHENNPETRO)
Target Type | Value |
Downside Target | 653.45 |
Downside Target | 693.05 |
Downside Target | 741.10 |
Downside Target | 810.00 |
Downside Target | 860.00 |
Downside Target | 885.30 |
Upside Target | 908.25 |
Upside Target | 929.70 |
Upside Target | 944.00 |
Upside Target | 953.60 |
Upside Target | 967.65 |
Upside Target | 1036.30 |
Intraday share price targets for Chennai Petroleum (CHENNPETRO)
Target Type | Value |
Downside Intraday Target | 869.53 |
Downside Intraday Target | 843.27 |
Upside Intraday Target | 937.83 |
Upside Intraday Target | 979.87 |
Upside Intraday Target | 911.57 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Fri Apr 2024 | 895.80 | 942.10 | 953.60 | 885.30 | 0.544 times |
05 Fri Apr 2024 | 941.40 | 910.00 | 967.65 | 908.25 | 1.308 times |
28 Thu Mar 2024 | 906.80 | 877.70 | 929.70 | 860.00 | 0.754 times |
22 Fri Mar 2024 | 877.70 | 882.50 | 889.45 | 825.50 | 0.888 times |
15 Fri Mar 2024 | 877.30 | 896.00 | 905.50 | 743.05 | 1.233 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 |
12 Fri Apr 2024 | 895.80 | 910.00 | 967.65 | 885.30 | 0.385 times |
28 Thu Mar 2024 | 906.80 | 895.00 | 944.00 | 743.05 | 0.556 times |
29 Thu Feb 2024 | 884.05 | 856.00 | 1036.30 | 810.00 | 0.868 times |
31 Wed Jan 2024 | 854.00 | 705.00 | 908.00 | 693.05 | 1.413 times |
Scroll below to view daily charts
Price has moved down 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 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 SELL. 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.
Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!
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 927.81 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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 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 SELL. 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.
Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!
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 927.81 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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Daily charts
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