(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 2024-06-20 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 654090
Date | Daily Closing Price | Open | High | Low | Volume |
20 Thu Jun 2024 | 969.70 | 970.50 | 978.95 | 966.55 | 0.459 times |
19 Wed Jun 2024 | 974.10 | 999.00 | 999.45 | 958.55 | 0.806 times |
18 Tue Jun 2024 | 989.85 | 996.10 | 1015.00 | 987.00 | 0.787 times |
14 Fri Jun 2024 | 986.95 | 985.00 | 1009.00 | 981.35 | 1.814 times |
13 Thu Jun 2024 | 979.85 | 984.15 | 994.90 | 975.00 | 0.925 times |
12 Wed Jun 2024 | 978.20 | 970.20 | 998.00 | 968.60 | 0.969 times |
11 Tue Jun 2024 | 969.05 | 960.00 | 990.95 | 948.65 | 1.321 times |
10 Mon Jun 2024 | 955.40 | 958.50 | 980.00 | 952.00 | 0.574 times |
07 Fri Jun 2024 | 953.70 | 940.00 | 957.80 | 933.50 | 0.667 times |
06 Thu Jun 2024 | 939.30 | 903.00 | 951.75 | 900.25 | 1.04 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 984.2 as stoploss in an intra day sell trade for a target of 953.24. However, stock will show a bullish move above 984.2.
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 | 944.00 |
Upside Target | 979.95 |
Upside Target | 1009.00 |
Upside Target | 1015.00 |
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 | 947.17 |
Downside Intraday Target | 924.63 |
Upside Intraday Target | 1003.62 |
Upside Intraday Target | 1037.53 |
Upside Intraday Target | 981.08 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
20 Thu Jun 2024 | 969.70 | 996.10 | 1015.00 | 958.55 | 0.366 times |
14 Fri Jun 2024 | 986.95 | 958.50 | 1009.00 | 948.65 | 0.805 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 |
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 |
20 Thu Jun 2024 | 969.70 | 948.00 | 1015.00 | 794.30 | 0.376 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.
Chennai Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down
CCI has generated a SELL signal for Chennai Petroleum in short term but SELL 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 971.51 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.
Chennai Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down
CCI has generated a SELL signal for Chennai Petroleum in short term but SELL 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 971.51 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 positive
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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