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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 2024-06-20 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.