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 2024-09-06 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 503487

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	919.95	974.10	974.25	916.00	2.283 times
05 Thu Sep 2024	974.25	970.05	983.70	964.00	1.21 times
04 Wed Sep 2024	972.95	983.25	989.65	970.05	0.811 times
03 Tue Sep 2024	983.45	985.70	987.40	978.45	0.464 times
02 Mon Sep 2024	981.60	985.00	993.75	973.05	0.806 times
30 Fri Aug 2024	975.40	972.50	984.30	968.00	0.863 times
29 Thu Aug 2024	965.40	974.00	985.70	960.00	0.782 times
28 Wed Aug 2024	970.10	989.95	993.70	968.10	0.815 times
27 Tue Aug 2024	985.00	1011.00	1011.00	981.75	0.887 times
26 Mon Aug 2024	1001.90	1025.00	1027.00	997.30	0.801 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 938, but if it comes above 938, then a intra day buy could be more profitable.
If you take a sell trade below 938, then use 938 as stoploss and 901.2 as target. However if you take a buy trade in stock , then use 938 as stoploss and 968.74 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	828.50
Downside Target	886.65
Upside Target	945.65
Upside Target	993.75
Upside Target	1002.50
Upside Target	1015.00
Upside Target	1027.00
Upside Target	1035.70
Upside Target	1039.00
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	892.72
Downside Intraday Target	865.48
Upside Intraday Target	970.47
Upside Intraday Target	1020.98
Upside Intraday Target	943.23

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	919.95	985.00	993.75	916.00	1.344 times
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

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
06 Fri Sep 2024	919.95	985.00	993.75	916.00	0.149 times
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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 getting stronger in this stock.

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 and selling is picking up 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 964.74 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.