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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 2024-08-26 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1226779

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	1001.90	1025.00	1027.00	997.30	0.329 times
23 Fri Aug 2024	1016.75	996.40	1039.00	991.10	1.051 times
22 Thu Aug 2024	993.80	998.45	1015.00	991.00	0.439 times
21 Wed Aug 2024	991.00	984.70	997.00	981.95	0.345 times
20 Tue Aug 2024	977.60	994.70	999.00	975.00	0.619 times
19 Mon Aug 2024	986.95	987.00	1006.35	984.10	0.613 times
16 Fri Aug 2024	981.60	974.00	1002.50	970.60	1.14 times
14 Wed Aug 2024	965.70	903.00	984.30	899.05	4.099 times
13 Tue Aug 2024	895.10	922.00	924.80	891.00	0.642 times
12 Mon Aug 2024	924.10	910.00	937.35	886.65	0.639 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1012.2 as stoploss in an intra day sell trade for a target of 970.58. However, stock will show a bullish move above 1012.2.

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	975.00
Upside Target	1027.00
Upside Target	1035.70
Upside Target	1039.00
Upside Target	1041.80
Upside Target	1122.50
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	990.47
Downside Intraday Target	979.03
Upside Intraday Target	1020.17
Upside Intraday Target	1038.43
Upside Intraday Target	1008.73

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	1001.90	1025.00	1027.00	997.30	0.107 times
23 Fri Aug 2024	1016.75	987.00	1039.00	975.00	0.47 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

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 Mon Aug 2024	1001.90	1016.90	1039.00	886.65	0.287 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 up 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Chennai Petroleum in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Chennai Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Chennai Petroleum in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling 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 971.07 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 is giving positive 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.