(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 2024-06-24 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 573127
Date | Daily Closing Price | Open | High | Low | Volume |
24 Mon Jun 2024 | 968.15 | 972.00 | 1008.90 | 950.50 | 2.168 times |
21 Fri Jun 2024 | 968.85 | 969.70 | 986.40 | 965.10 | 0.503 times |
20 Thu Jun 2024 | 969.70 | 970.50 | 978.95 | 966.55 | 0.524 times |
19 Wed Jun 2024 | 974.10 | 999.00 | 999.45 | 958.55 | 0.92 times |
18 Tue Jun 2024 | 989.85 | 996.10 | 1015.00 | 987.00 | 0.898 times |
14 Fri Jun 2024 | 986.95 | 985.00 | 1009.00 | 981.35 | 2.07 times |
13 Thu Jun 2024 | 979.85 | 984.15 | 994.90 | 975.00 | 1.055 times |
12 Wed Jun 2024 | 978.20 | 970.20 | 998.00 | 968.60 | 1.106 times |
11 Tue Jun 2024 | 969.05 | 960.00 | 990.95 | 948.65 | 1.508 times |
10 Mon Jun 2024 | 955.40 | 958.50 | 980.00 | 952.00 | 0.655 times |
Stock of Chennai Petroleum (CHENNPETRO) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, and stock might move up till 985.2 or till 1022.2. Use a stoploss of 954.42 and if this stock hits its stoploss, then it can fall down till 923.61
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 | 902.00 |
Downside Target | 944.00 |
Upside Target | 979.95 |
Upside Target | 1008.90 |
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 | 942.8 |
Downside Intraday Target | 917.45 |
Upside Intraday Target | 1001.2 |
Upside Intraday Target | 1034.25 |
Upside Intraday Target | 975.85 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
24 Mon Jun 2024 | 968.15 | 972.00 | 1008.90 | 950.50 | 0.762 times |
21 Fri Jun 2024 | 968.85 | 996.10 | 1015.00 | 958.55 | 0.445 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 |
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 |
24 Mon Jun 2024 | 968.15 | 948.00 | 1015.00 | 794.30 | 0.436 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 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 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.
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. Bears 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 coming down
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 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 975.3 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 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 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.
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. Bears 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 coming down
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 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 975.3 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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