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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 2024-07-11 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1374092

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	1050.75	1018.00	1068.00	1013.00	2.147 times
10 Wed Jul 2024	1007.30	1028.00	1034.00	986.30	0.988 times
09 Tue Jul 2024	1022.15	985.00	1063.70	980.95	4.705 times
08 Mon Jul 2024	970.00	962.00	1006.00	958.05	1.521 times
05 Fri Jul 2024	947.75	970.50	970.50	945.65	0.507 times
04 Thu Jul 2024	964.95	982.20	982.20	960.45	0.26 times
03 Wed Jul 2024	973.50	995.00	995.00	968.30	0.353 times
02 Tue Jul 2024	986.60	979.95	1003.00	979.50	0.298 times
01 Mon Jul 2024	981.70	985.00	996.00	977.00	0.299 times
28 Fri Jun 2024	982.10	960.85	993.60	960.00	0.854 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1032.2, for a target of 1003.4 or 979.4

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
Downside Target	1003.00
Downside Target	1009.00
Downside Target	1015.00
Downside Target	1035.70
Upside Target	1068.00
Upside Target	1122.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	983.2
Downside Intraday Target	915.65
Upside Intraday Target	1093.15
Upside Intraday Target	1135.55
Downside Intraday Target	1025.6

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	1050.75	962.00	1068.00	958.05	5.452 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, 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
11 Thu Jul 2024	1050.75	985.00	1068.00	945.65	1.141 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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

Although the stock is in the SELL zone, but selling 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 1008.81 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.