Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-09 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 715773

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	912.10	935.85	941.95	910.00	0.711 times
08 Thu Aug 2024	921.60	943.70	946.80	917.80	0.588 times
07 Wed Aug 2024	934.85	937.00	944.00	915.40	0.709 times
06 Tue Aug 2024	906.20	950.70	975.80	902.55	1.296 times
05 Mon Aug 2024	935.65	960.05	983.85	930.00	1.35 times
02 Fri Aug 2024	1002.65	1018.00	1019.00	1000.00	0.638 times
01 Thu Aug 2024	1028.80	1016.90	1034.00	996.60	1.658 times
31 Wed Jul 2024	996.95	1038.50	1038.50	990.20	0.876 times
30 Tue Jul 2024	1023.30	1017.80	1041.80	1006.40	0.921 times
29 Mon Jul 2024	1014.95	1020.00	1031.95	1006.10	0.818 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 934.7, but if it comes above 934.7, then a intra day buy could be more profitable.
If you take a sell trade below 934.7, then use 934.7 as stoploss and 836.9 as target. However if you take a buy trade in stock , then use 934.7 as stoploss and 1016.25 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	828.50
Downside Target	862.20
Downside Target	902.55
Upside Target	945.65
Upside Target	983.85
Upside Target	1015.00
Upside Target	1041.80
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	881.82
Downside Intraday Target	851.53
Upside Intraday Target	963.12
Upside Intraday Target	1014.13
Upside Intraday Target	932.83

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	912.10	960.05	983.85	902.55	0.948 times
02 Fri Aug 2024	1002.65	1020.00	1041.80	990.20	0.466 times
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

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
09 Fri Aug 2024	912.10	1016.90	1034.00	902.55	0.083 times
31 Wed Jul 2024	996.95	985.00	1275.00	945.65	4.481 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

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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Chennai Petroleum in short term and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term but selling is losing 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 970.44 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 has given negative 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.