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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 2024-09-16 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 593729

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	876.10	892.00	892.00	872.15	0.615 times
13 Fri Sep 2024	881.35	886.00	891.95	872.25	0.84 times
12 Thu Sep 2024	881.20	880.00	887.00	870.00	1 times
11 Wed Sep 2024	878.20	909.00	909.00	868.00	0.889 times
10 Tue Sep 2024	898.45	908.50	914.80	895.10	1.228 times
09 Mon Sep 2024	897.10	924.95	931.95	892.55	1.316 times
06 Fri Sep 2024	919.95	974.10	974.25	916.00	1.936 times
05 Thu Sep 2024	974.25	970.05	983.70	964.00	1.027 times
04 Wed Sep 2024	972.95	983.25	989.65	970.05	0.688 times
03 Tue Sep 2024	983.45	985.70	987.40	978.45	0.393 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 904.4, but if it comes above 904.4, then a intra day buy could be more profitable.
If you take a sell trade below 904.4, then use 904.4 as stoploss and 848.3 as target. However if you take a buy trade in stock , then use 904.4 as stoploss and 951.08 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	828.50
Downside Target	868.00
Upside Target	916.00
Upside Target	993.75
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	868.17
Downside Intraday Target	860.23
Upside Intraday Target	888.02
Upside Intraday Target	899.93
Upside Intraday Target	880.08

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	876.10	892.00	892.00	872.15	0.117 times
13 Fri Sep 2024	881.35	924.95	931.95	868.00	1.115 times
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

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
16 Mon Sep 2024	876.10	985.00	993.75	868.00	0.335 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Chennai Petroleum stock for short term is SELL. Signal strength is Strong and stock is losing 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 but selling is losing 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 912.44 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.