(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 2024-04-18 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 893378
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 930.55 | 922.00 | 965.00 | 920.00 | 1.898 times |
16 Tue Apr 2024 | 911.55 | 917.00 | 937.10 | 906.00 | 1.242 times |
15 Mon Apr 2024 | 926.35 | 899.00 | 941.00 | 862.20 | 1.964 times |
12 Fri Apr 2024 | 895.80 | 905.10 | 929.30 | 885.30 | 1.116 times |
10 Wed Apr 2024 | 905.05 | 903.20 | 920.80 | 900.55 | 0.429 times |
09 Tue Apr 2024 | 903.15 | 929.80 | 933.85 | 900.00 | 0.596 times |
08 Mon Apr 2024 | 925.85 | 942.10 | 953.60 | 923.00 | 0.546 times |
05 Fri Apr 2024 | 941.40 | 946.25 | 955.75 | 921.30 | 0.808 times |
04 Thu Apr 2024 | 940.10 | 956.65 | 959.20 | 933.60 | 0.712 times |
03 Wed Apr 2024 | 951.85 | 938.80 | 964.95 | 934.10 | 1.511 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 937.3 as stoploss in an intra day sell trade for a target of 905.71. However, stock will show a bullish move above 937.3.
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 |
Downside Target | 908.00 |
Downside Target | 929.70 |
Upside Target | 944.00 |
Upside Target | 953.60 |
Upside Target | 965.00 |
Upside Target | 967.65 |
Upside Target | 1036.30 |
Intraday share price targets for Chennai Petroleum (CHENNPETRO)
Target Type | Value |
Downside Intraday Target | 873.5 |
Downside Intraday Target | 816.45 |
Upside Intraday Target | 976.3 |
Upside Intraday Target | 1022.05 |
Downside Intraday Target | 919.25 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 930.55 | 899.00 | 965.00 | 862.20 | 1.899 times |
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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Monthly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 930.55 | 910.00 | 967.65 | 862.20 | 0.643 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 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 losing 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 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 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 but buying is losing 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 925.68 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 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.
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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 losing 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 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 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 but buying is losing 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 925.68 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 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.
Click here for Chennai Petroleum charts
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Daily charts
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