(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 2024-07-25 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 4431665
Date | Daily Closing Price | Open | High | Low | Volume |
25 Thu Jul 2024 | 1016.05 | 1004.00 | 1058.70 | 994.40 | 0.414 times |
24 Wed Jul 2024 | 1015.50 | 995.00 | 1025.00 | 991.05 | 0.313 times |
23 Tue Jul 2024 | 988.20 | 1031.95 | 1035.00 | 950.30 | 0.351 times |
22 Mon Jul 2024 | 1029.70 | 1034.95 | 1046.80 | 1000.00 | 0.44 times |
19 Fri Jul 2024 | 1035.75 | 1177.05 | 1177.75 | 1025.00 | 1.317 times |
18 Thu Jul 2024 | 1220.00 | 1215.00 | 1244.85 | 1190.00 | 1.194 times |
16 Tue Jul 2024 | 1212.10 | 1100.00 | 1275.00 | 1097.30 | 4.649 times |
15 Mon Jul 2024 | 1084.70 | 1055.00 | 1102.05 | 1050.00 | 0.58 times |
12 Fri Jul 2024 | 1046.85 | 1059.00 | 1063.95 | 1038.00 | 0.185 times |
11 Thu Jul 2024 | 1050.75 | 1018.00 | 1068.00 | 1013.00 | 0.666 times |
My analysis of stock is bearish for shortterm, and stock might move down till 952.2 or till 865.3. Use a stoploss of 1024.59 and if the stock hits stoploss, then it can shoot up till 1097.02
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 |
Upside Target | 1025.00 |
Upside Target | 1035.70 |
Upside Target | 1058.70 |
Upside Target | 1068.00 |
Upside Target | 1122.50 |
Upside Target | 1275.00 |
Intraday share price targets for Chennai Petroleum (CHENNPETRO)
Target Type | Value |
Downside Intraday Target | 958 |
Downside Intraday Target | 899.95 |
Upside Intraday Target | 1066.4 |
Upside Intraday Target | 1116.75 |
Downside Intraday Target | 1008.35 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
25 Thu Jul 2024 | 1016.05 | 1034.95 | 1058.70 | 950.30 | 0.196 times |
19 Fri Jul 2024 | 1035.75 | 1055.00 | 1275.00 | 1025.00 | 2.507 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 |
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 |
25 Thu Jul 2024 | 1016.05 | 985.00 | 1275.00 | 945.65 | 4.279 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 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 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.
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 Weak 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 1139.28 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 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.
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 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.
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 Weak 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 1139.28 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 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.
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Daily charts
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