(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 2024-04-22 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 966561
Date | Daily Closing Price | Open | High | Low | Volume |
22 Mon Apr 2024 | 941.25 | 950.85 | 964.85 | 936.10 | 0.672 times |
19 Fri Apr 2024 | 942.35 | 920.00 | 961.95 | 900.20 | 1.394 times |
18 Thu Apr 2024 | 930.55 | 922.00 | 965.00 | 920.00 | 1.754 times |
16 Tue Apr 2024 | 911.55 | 917.00 | 937.10 | 906.00 | 1.148 times |
15 Mon Apr 2024 | 926.35 | 899.00 | 941.00 | 862.20 | 1.816 times |
12 Fri Apr 2024 | 895.80 | 905.10 | 929.30 | 885.30 | 1.032 times |
10 Wed Apr 2024 | 905.05 | 903.20 | 920.80 | 900.55 | 0.396 times |
09 Tue Apr 2024 | 903.15 | 929.80 | 933.85 | 900.00 | 0.551 times |
08 Mon Apr 2024 | 925.85 | 942.10 | 953.60 | 923.00 | 0.505 times |
05 Fri Apr 2024 | 941.40 | 946.25 | 955.75 | 921.30 | 0.747 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 942.7 as stoploss in an intra day sell trade for a target of 914.16. However, stock will show a bullish move above 942.7.
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 | 953.60 |
Upside Target | 964.85 |
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 | 929.95 |
Downside Intraday Target | 918.65 |
Upside Intraday Target | 958.7 |
Upside Intraday Target | 976.15 |
Upside Intraday Target | 947.4 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Mon Apr 2024 | 941.25 | 950.85 | 964.85 | 936.10 | 0.11 times |
19 Fri Apr 2024 | 942.35 | 899.00 | 965.00 | 862.20 | 2.461 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 |
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 |
22 Mon Apr 2024 | 941.25 | 910.00 | 967.65 | 862.20 | 0.755 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 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 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 SELL. Signal strength is Weak and stock is losing 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 coming down
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 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 924.45 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.
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 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 SELL. Signal strength is Weak and stock is losing 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 coming down
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 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 924.45 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.
Click here for Chennai Petroleum charts
Click here for further forecast and predictions for tomorrow
Daily charts
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