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 2024-08-30 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 681327

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	975.40	972.50	984.30	968.00	0.638 times
29 Thu Aug 2024	965.40	974.00	985.70	960.00	0.578 times
28 Wed Aug 2024	970.10	989.95	993.70	968.10	0.602 times
27 Tue Aug 2024	985.00	1011.00	1011.00	981.75	0.655 times
26 Mon Aug 2024	1001.90	1025.00	1027.00	997.30	0.592 times
23 Fri Aug 2024	1016.75	996.40	1039.00	991.10	1.892 times
22 Thu Aug 2024	993.80	998.45	1015.00	991.00	0.791 times
21 Wed Aug 2024	991.00	984.70	997.00	981.95	0.621 times
20 Tue Aug 2024	977.60	994.70	999.00	975.00	1.114 times
19 Mon Aug 2024	986.95	987.00	1006.35	984.10	1.103 times

My analysis of stock is bullish for shortterm, and stock might move up till 997.3 or till 1039.5. Use a stoploss of 962.17 and if this stock hits its stoploss, then it can fall down till 927.01

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	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	947.93
Downside Intraday Target	920.47
Upside Intraday Target	1014.93
Upside Intraday Target	1054.47
Upside Intraday Target	987.47

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	975.40	1025.00	1027.00	960.00	0.555 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
30 Fri Aug 2024	975.40	1016.90	1039.00	886.65	0.315 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 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 SELL. 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.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 990.62 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 negative.

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