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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 2024-07-08 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 584694

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	970.00	962.00	1006.00	958.05	3.574 times
05 Fri Jul 2024	947.75	970.50	970.50	945.65	1.192 times
04 Thu Jul 2024	964.95	982.20	982.20	960.45	0.611 times
03 Wed Jul 2024	973.50	995.00	995.00	968.30	0.83 times
02 Tue Jul 2024	986.60	979.95	1003.00	979.50	0.701 times
01 Mon Jul 2024	981.70	985.00	996.00	977.00	0.703 times
28 Fri Jun 2024	982.10	960.85	993.60	960.00	2.006 times
27 Thu Jun 2024	956.05	951.95	966.40	945.00	0.505 times
26 Wed Jun 2024	948.80	954.05	961.20	945.05	0.637 times
25 Tue Jun 2024	958.95	975.00	978.00	955.80	0.691 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 bearish for shortterm, and stock might move down till 958.4 or till 943.9. Use a stoploss of 970.53 and if the stock hits stoploss, then it can shoot up till 982.64

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	1003.00
Upside Target	1006.00
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	950.03
Downside Intraday Target	930.07
Upside Intraday Target	997.98
Upside Intraday Target	1025.97
Upside Intraday Target	978.02

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	970.00	962.00	1006.00	958.05	0.886 times
05 Fri Jul 2024	947.75	985.00	1003.00	945.65	0.677 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

Price has moved up 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
08 Mon Jul 2024	970.00	985.00	1006.00	945.65	0.334 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 neutral. A longer time frame might give a better analysis.

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 to mid 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 mid to longer 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.

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.

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 green color and prices are in or below the green 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 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 969.06 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 negative.

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