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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 2024-06-06 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1130784

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	939.30	903.00	951.75	900.25	0.602 times
05 Wed Jun 2024	891.90	880.00	904.80	858.00	0.635 times
04 Tue Jun 2024	872.30	970.00	970.00	794.30	1.383 times
03 Mon Jun 2024	973.25	948.00	979.95	932.50	1.023 times
31 Fri May 2024	917.65	924.00	926.20	902.00	0.658 times
30 Thu May 2024	918.95	949.00	952.00	910.05	0.596 times
29 Wed May 2024	949.10	960.00	968.00	945.25	0.551 times
28 Tue May 2024	959.65	972.45	976.00	954.05	0.495 times
27 Mon May 2024	972.45	979.00	984.00	953.00	0.831 times
24 Fri May 2024	974.20	941.75	998.00	932.00	2.282 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 951 as stoploss in an intra day sell trade for a target of 914.95. However, stock will show a bullish move above 951.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	743.05
Downside Target	794.30
Downside Target	828.50
Downside Target	862.20
Downside Target	879.50
Downside Target	902.00
Downside Target	924.40
Upside Target	944.00
Upside Target	979.95
Upside Target	998.00
Upside Target	1026.00
Upside Target	1035.70
Upside Target	1036.30
Upside Target	1122.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	829.08
Downside Intraday Target	718.87
Upside Intraday Target	1014.73
Upside Intraday Target	1090.17
Downside Intraday Target	904.52

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	939.30	948.00	979.95	794.30	1.163 times
31 Fri May 2024	917.65	979.00	984.00	902.00	0.637 times
24 Fri May 2024	974.20	895.00	998.00	879.50	1.095 times
18 Sat May 2024	897.95	856.30	924.40	828.50	0.532 times
10 Fri May 2024	856.25	1025.00	1026.00	832.50	2.54 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
06 Thu Jun 2024	939.30	948.00	979.95	794.30	0.162 times
31 Fri May 2024	917.65	1028.20	1035.70	828.50	0.629 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

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 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 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 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 and the sell signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 940.22 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.