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(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 2024-05-14 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1441085

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	907.60	870.00	914.80	870.00	1.005 times
13 Mon May 2024	866.45	856.30	875.00	828.50	0.77 times
10 Fri May 2024	856.25	860.00	885.90	832.50	1.342 times
09 Thu May 2024	848.95	895.80	904.50	840.10	0.78 times
08 Wed May 2024	894.20	914.00	934.60	864.00	2.773 times
07 Tue May 2024	913.15	980.00	989.00	905.90	0.952 times
06 Mon May 2024	971.75	1025.00	1026.00	968.00	0.776 times
03 Fri May 2024	1017.00	1020.05	1033.00	1012.50	0.488 times
02 Thu May 2024	1014.50	1028.20	1035.70	1006.05	0.694 times
30 Tue Apr 2024	1022.85	1047.00	1055.75	1015.05	0.649 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 886.5 as stoploss in an intra day buy trade for a target of 956.82. However, stock will show a bearish move below 886.5.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	693.05
Downside Target	743.05
Downside Target	810.00
Downside Target	828.50
Downside Target	862.20
Upside Target	908.00
Upside Target	944.00
Upside Target	965.00
Upside Target	1006.05
Upside Target	1035.70
Upside Target	1036.30
Upside Target	1066.90
Upside Target	1122.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	852.47
Downside Intraday Target	797.33
Upside Intraday Target	938.77
Upside Intraday Target	969.93
Downside Intraday Target	883.63

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	907.60	856.30	914.80	828.50	0.268 times
10 Fri May 2024	856.25	1025.00	1026.00	832.50	2.54 times
03 Fri May 2024	1017.00	1065.85	1066.90	1006.05	0.146 times
26 Fri Apr 2024	1051.65	950.85	1122.50	915.10	4.343 times
19 Fri Apr 2024	942.35	899.00	965.00	862.20	2.461 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
14 Tue May 2024	907.60	1028.20	1035.70	828.50	0.341 times
30 Tue Apr 2024	1022.85	910.00	1122.50	862.20	2.284 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

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 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 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 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 mid to longer 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.

ADX buy sell signal for Chennai Petroleum stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Chennai Petroleum in short term and the sell signal is strong.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Chennai Petroleum in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 914.84 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.