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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 2024-06-25 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 653743

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	958.95	975.00	978.00	955.80	0.618 times
24 Mon Jun 2024	968.15	972.00	1008.90	950.50	1.9 times
21 Fri Jun 2024	968.85	969.70	986.40	965.10	0.441 times
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	1.815 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	1.322 times

My analysis of stock is bullish for shortterm, and stock might move up till 984.3 or till 1021. Use a stoploss of 953.74 and if this stock hits its stoploss, then it can fall down till 923.19

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	936.67
Downside Intraday Target	914.38
Upside Intraday Target	995.07
Upside Intraday Target	1031.18
Upside Intraday Target	972.78

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	958.95	972.00	1008.90	950.50	1.01 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
25 Tue Jun 2024	958.95	948.00	1015.00	794.30	0.452 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 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 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 SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal for Chennai Petroleum in short term and SELL signal is strong!

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

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 975.43 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.