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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 2024-07-18 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 3839481

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	1220.00	1215.00	1244.85	1190.00	1.378 times
16 Tue Jul 2024	1212.10	1100.00	1275.00	1097.30	5.366 times
15 Mon Jul 2024	1084.70	1055.00	1102.05	1050.00	0.669 times
12 Fri Jul 2024	1046.85	1059.00	1063.95	1038.00	0.214 times
11 Thu Jul 2024	1050.75	1018.00	1068.00	1013.00	0.768 times
10 Wed Jul 2024	1007.30	1028.00	1034.00	986.30	0.354 times
09 Tue Jul 2024	1022.15	985.00	1063.70	980.95	1.684 times
08 Mon Jul 2024	970.00	962.00	1006.00	958.05	0.544 times
05 Fri Jul 2024	947.75	970.50	970.50	945.65	0.181 times
04 Thu Jul 2024	964.95	982.20	982.20	960.45	0.093 times

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 1180.7, for a target of 1088.2 or 1011.05

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	1015.00
Downside Target	1035.70
Downside Target	1050.00
Downside Target	1068.00
Downside Target	1122.50
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	1088.33
Downside Intraday Target	956.67
Upside Intraday Target	1313.33
Upside Intraday Target	1406.67
Downside Intraday Target	1181.67

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	1220.00	1055.00	1275.00	1050.00	2.08 times
12 Fri Jul 2024	1046.85	962.00	1068.00	958.05	5.799 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

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
18 Thu Jul 2024	1220.00	985.00	1275.00	945.65	3.337 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, and volume has increased substantially. This means that the move can 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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 but buying is losing 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 1138.46 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.