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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 2024-06-28 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 573609

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	982.10	960.85	993.60	960.00	2.045 times
27 Thu Jun 2024	956.05	951.95	966.40	945.00	0.515 times
26 Wed Jun 2024	948.80	954.05	961.20	945.05	0.65 times
25 Tue Jun 2024	958.95	975.00	978.00	955.80	0.704 times
24 Mon Jun 2024	968.15	972.00	1008.90	950.50	2.166 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	0.523 times
19 Wed Jun 2024	974.10	999.00	999.45	958.55	0.919 times
18 Tue Jun 2024	989.85	996.10	1015.00	987.00	0.897 times
14 Fri Jun 2024	986.95	985.00	1009.00	981.35	2.068 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

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 986.8 as stoploss in an intra day sell trade for a target of 956.71. However, stock will show a bullish move above 986.8.

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
Downside 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	948.43
Downside Intraday Target	914.77
Upside Intraday Target	1012.33
Upside Intraday Target	1042.57
Downside Intraday Target	978.67

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	982.10	972.00	1008.90	945.00	2.139 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	982.10	948.00	1015.00	794.30	0.524 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 974.36 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.