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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 2024-07-26 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 4479418

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	999.10	1004.95	1012.50	988.85	0.183 times
25 Thu Jul 2024	1016.05	1004.00	1058.70	994.40	0.41 times
24 Wed Jul 2024	1015.50	995.00	1025.00	991.05	0.309 times
23 Tue Jul 2024	988.20	1031.95	1035.00	950.30	0.347 times
22 Mon Jul 2024	1029.70	1034.95	1046.80	1000.00	0.435 times
19 Fri Jul 2024	1035.75	1177.05	1177.75	1025.00	1.303 times
18 Thu Jul 2024	1220.00	1215.00	1244.85	1190.00	1.181 times
16 Tue Jul 2024	1212.10	1100.00	1275.00	1097.30	4.6 times
15 Mon Jul 2024	1084.70	1055.00	1102.05	1050.00	0.573 times
12 Fri Jul 2024	1046.85	1059.00	1063.95	1038.00	0.183 times

My analysis of stock is bearish for shortterm, and stock might move down till 955.8 or till 870.6. Use a stoploss of 1026.74 and if the stock hits stoploss, then it can shoot up till 1097.72

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	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	946.7
Downside Intraday Target	894.3
Upside Intraday Target	1055.1
Upside Intraday Target	1111.1
Upside Intraday Target	1002.7

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	999.10	1034.95	1058.70	950.30	0.22 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
26 Fri Jul 2024	999.10	985.00	1275.00	945.65	4.34 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Chennai Petroleum in short term and SELL 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 1142.71 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 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.