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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 2024-07-01 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 630429

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	981.70	985.00	996.00	977.00	0.652 times
28 Fri Jun 2024	982.10	960.85	993.60	960.00	1.861 times
27 Thu Jun 2024	956.05	951.95	966.40	945.00	0.469 times
26 Wed Jun 2024	948.80	954.05	961.20	945.05	0.591 times
25 Tue Jun 2024	958.95	975.00	978.00	955.80	0.641 times
24 Mon Jun 2024	968.15	972.00	1008.90	950.50	1.971 times
21 Fri Jun 2024	968.85	969.70	986.40	965.10	0.457 times
20 Thu Jun 2024	969.70	970.50	978.95	966.55	0.476 times
19 Wed Jun 2024	974.10	999.00	999.45	958.55	0.836 times
18 Tue Jun 2024	989.85	996.10	1015.00	987.00	0.816 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 989 as stoploss in an intra day sell trade for a target of 959.91. However, stock will show a bullish move above 989.

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	944.00
Upside Target	996.00
Upside Target	1008.90
Upside Target	1009.00
Upside Target	1015.00
Upside Target	1035.70
Upside Target	1122.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	973.8
Downside Intraday Target	965.9
Upside Intraday Target	992.8
Upside Intraday Target	1003.9
Upside Intraday Target	984.9

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	981.70	985.00	996.00	977.00	0.118 times
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

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
01 Mon Jul 2024	981.70	985.00	996.00	977.00	0.031 times
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

Scroll below to view daily charts

Price has moved down 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Chennai Petroleum in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 972.2 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 falling down

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 has given negative 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.