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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 2024-08-19 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1178545

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	986.95	987.00	1006.35	984.10	0.638 times
16 Fri Aug 2024	981.60	974.00	1002.50	970.60	1.186 times
14 Wed Aug 2024	965.70	903.00	984.30	899.05	4.266 times
13 Tue Aug 2024	895.10	922.00	924.80	891.00	0.669 times
12 Mon Aug 2024	924.10	910.00	937.35	886.65	0.665 times
09 Fri Aug 2024	912.10	935.85	941.95	910.00	0.432 times
08 Thu Aug 2024	921.60	943.70	946.80	917.80	0.357 times
07 Wed Aug 2024	934.85	937.00	944.00	915.40	0.431 times
06 Tue Aug 2024	906.20	950.70	975.80	902.55	0.787 times
05 Mon Aug 2024	935.65	960.05	983.85	930.00	0.82 times

My analysis of stock is bullish for shortterm, and stock might move up till 1018.1 or till 1071.2. Use a stoploss of 973.95 and if this stock hits its stoploss, then it can fall down till 929.75

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
Downside Target	983.85
Upside Target	1015.00
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	978.58
Downside Intraday Target	970.22
Upside Intraday Target	1000.83
Upside Intraday Target	1014.72
Upside Intraday Target	992.47

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	986.95	987.00	1006.35	984.10	0.094 times
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

Price has moved up 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
19 Mon Aug 2024	986.95	1016.90	1034.00	886.65	0.23 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 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 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 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 BUY signal for Chennai Petroleum in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 949.49 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 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.