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 2024-08-16 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1157407

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	981.60	974.00	1002.50	970.60	1.208 times
14 Wed Aug 2024	965.70	903.00	984.30	899.05	4.344 times
13 Tue Aug 2024	895.10	922.00	924.80	891.00	0.681 times
12 Mon Aug 2024	924.10	910.00	937.35	886.65	0.677 times
09 Fri Aug 2024	912.10	935.85	941.95	910.00	0.44 times
08 Thu Aug 2024	921.60	943.70	946.80	917.80	0.364 times
07 Wed Aug 2024	934.85	937.00	944.00	915.40	0.438 times
06 Tue Aug 2024	906.20	950.70	975.80	902.55	0.802 times
05 Mon Aug 2024	935.65	960.05	983.85	930.00	0.835 times
02 Fri Aug 2024	1002.65	1018.00	1019.00	1000.00	0.394 times

My analysis of stock is bullish for shortterm, and stock might move up till 1022.5 or till 1077.9. Use a stoploss of 976.39 and if this stock hits its stoploss, then it can fall down till 930.24

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	828.50
Downside Target	862.20
Downside Target	886.65
Downside Target	945.65
Upside Target	983.85
Upside Target	1034.00
Upside Target	1035.70
Upside Target	1041.80
Upside Target	1058.70
Upside Target	1122.50
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	911.33
Downside Intraday Target	841.07
Upside Intraday Target	1027.18
Upside Intraday Target	1072.77
Downside Intraday Target	956.92

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	981.60	910.00	1002.50	886.65	2.401 times
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

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
16 Fri Aug 2024	981.60	1016.90	1034.00	886.65	0.217 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 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell 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. 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 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 949.17 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.