(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 2024-06-12 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 783563
Date | Daily Closing Price | Open | High | Low | Volume |
12 Wed Jun 2024 | 978.20 | 970.20 | 998.00 | 968.60 | 0.809 times |
11 Tue Jun 2024 | 969.05 | 960.00 | 990.95 | 948.65 | 1.103 times |
10 Mon Jun 2024 | 955.40 | 958.50 | 980.00 | 952.00 | 0.479 times |
07 Fri Jun 2024 | 953.70 | 940.00 | 957.80 | 933.50 | 0.557 times |
06 Thu Jun 2024 | 939.30 | 903.00 | 951.75 | 900.25 | 0.868 times |
05 Wed Jun 2024 | 891.90 | 880.00 | 904.80 | 858.00 | 0.916 times |
04 Tue Jun 2024 | 872.30 | 970.00 | 970.00 | 794.30 | 1.995 times |
03 Mon Jun 2024 | 973.25 | 948.00 | 979.95 | 932.50 | 1.476 times |
31 Fri May 2024 | 917.65 | 924.00 | 926.20 | 902.00 | 0.95 times |
30 Thu May 2024 | 918.95 | 949.00 | 952.00 | 910.05 | 0.86 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 966.4, but if it comes below 966.4, then a intra day sell could be more profitable.
If you take a sell trade below 966.4, then use 966.4 as stoploss and 930.97 as target. However if you take a buy trade in stock , then use 966.4 as stoploss and 1008.8 as target.
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 |
Downside Target | 944.00 |
Upside Target | 979.95 |
Upside Target | 998.00 |
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 | 951.9 |
Downside Intraday Target | 925.6 |
Upside Intraday Target | 1001.25 |
Upside Intraday Target | 1024.3 |
Downside Intraday Target | 974.95 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Wed Jun 2024 | 978.20 | 958.50 | 998.00 | 948.65 | 0.411 times |
07 Fri Jun 2024 | 953.70 | 948.00 | 979.95 | 794.30 | 1.286 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 |
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 |
12 Wed Jun 2024 | 978.20 | 948.00 | 998.00 | 794.30 | 0.253 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 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 BUY. Signal strength is Weak and stock is gaining 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 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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 930.8 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 930.8 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 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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