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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 2024-09-30 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 635192

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	934.45	943.90	943.90	923.05	0.663 times
27 Fri Sep 2024	920.65	919.95	933.85	913.15	0.809 times
26 Thu Sep 2024	919.75	928.30	930.00	914.60	0.351 times
25 Wed Sep 2024	927.55	925.00	932.00	912.65	0.554 times
24 Tue Sep 2024	921.45	922.00	927.65	917.55	0.492 times
23 Mon Sep 2024	915.50	913.00	927.85	903.20	1.331 times
20 Fri Sep 2024	889.65	885.90	914.00	853.35	3.089 times
19 Thu Sep 2024	880.00	879.75	887.00	864.30	0.814 times
18 Wed Sep 2024	877.25	885.50	891.90	873.00	1.06 times
17 Tue Sep 2024	877.35	881.80	888.70	872.45	0.925 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 944.8 as stoploss in an intra day sell trade for a target of 911.33. However, stock will show a bullish move above 944.8.

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	943.90
Upside Target	945.65
Upside Target	993.75
Upside Target	1015.00
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	923.7
Downside Intraday Target	912.95
Upside Intraday Target	944.55
Upside Intraday Target	954.65
Downside Intraday Target	933.8

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	934.45	943.90	943.90	923.05	0.187 times
27 Fri Sep 2024	920.65	913.00	933.85	903.20	0.547 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

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
30 Mon Sep 2024	934.45	985.00	993.75	853.35	0.675 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 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 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 BUY. 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.

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 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 899.96 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.