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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 2024-09-23 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 723556

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	915.50	913.00	927.85	903.20	1.168 times
20 Fri Sep 2024	889.65	885.90	914.00	853.35	2.712 times
19 Thu Sep 2024	880.00	879.75	887.00	864.30	0.714 times
18 Wed Sep 2024	877.25	885.50	891.90	873.00	0.93 times
17 Tue Sep 2024	877.35	881.80	888.70	872.45	0.812 times
16 Mon Sep 2024	876.10	892.00	892.00	872.15	0.505 times
13 Fri Sep 2024	881.35	886.00	891.95	872.25	0.689 times
12 Thu Sep 2024	881.20	880.00	887.00	870.00	0.82 times
11 Wed Sep 2024	878.20	909.00	909.00	868.00	0.729 times
10 Tue Sep 2024	898.45	908.50	914.80	895.10	1.008 times

My analysis of stock is bearish for shortterm, and stock might move down till 879.9 or till 826.9. Use a stoploss of 924.01 and if the stock hits stoploss, then it can shoot up till 968.15

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	828.50
Downside Target	853.35
Downside Target	886.65
Upside Target	960.00
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	903.18
Downside Intraday Target	890.87
Upside Intraday Target	927.83
Upside Intraday Target	940.17
Upside Intraday Target	915.52

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	915.50	913.00	927.85	903.20	0.206 times
20 Fri Sep 2024	889.65	892.00	914.00	853.35	1.311 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

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
23 Mon Sep 2024	915.50	985.00	993.75	853.35	0.578 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is losing 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. Bears are weakening, and bulls are picking up momentum!

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 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 887.95 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 positive

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