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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 2024-11-22 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2137500

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	583.25	570.00	592.30	570.00	0.838 times
21 Thu Nov 2024	569.20	574.95	576.30	565.20	0.468 times
19 Tue Nov 2024	578.90	592.00	607.70	575.00	1.877 times
18 Mon Nov 2024	569.15	579.00	596.25	566.00	0.788 times
14 Thu Nov 2024	578.30	596.00	597.15	569.00	1.049 times
13 Wed Nov 2024	597.20	595.00	603.90	578.05	0.805 times
12 Tue Nov 2024	602.20	632.00	632.10	599.50	0.534 times
11 Mon Nov 2024	631.15	620.35	637.05	606.40	0.754 times
08 Fri Nov 2024	624.75	656.75	656.75	619.00	0.846 times
07 Thu Nov 2024	655.60	671.50	672.00	647.65	0.833 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 584.9, but if it comes above 584.9, then a intra day buy could be more profitable.
If you take a sell trade below 584.9, then use 584.9 as stoploss and 525.7 as target. However if you take a buy trade in stock , then use 584.9 as stoploss and 634.19 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	565.20
Upside Target	607.70
Upside Target	633.05
Upside Target	676.90
Upside Target	696.80
Upside Target	720.00
Upside Target	853.35
Upside Target	886.65
Upside Target	925.00
Upside Target	945.65
Upside Target	993.75
Upside Target	999.00
Upside Target	1039.00
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	563.07
Downside Intraday Target	542.88
Upside Intraday Target	605.57
Upside Intraday Target	627.88
Upside Intraday Target	585.38

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	583.25	579.00	607.70	565.20	1.264 times
14 Thu Nov 2024	578.30	620.35	637.05	569.00	0.42 times
08 Fri Nov 2024	624.75	656.05	676.90	610.00	2.385 times
01 Fri Nov 2024	655.65	709.50	720.00	633.05	0.737 times
25 Fri Oct 2024	707.70	925.00	925.00	696.80	1.241 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
22 Fri Nov 2024	583.25	647.05	676.90	565.20	1.118 times
31 Thu Oct 2024	639.70	936.90	999.00	633.05	2.208 times
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

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 neutral. A longer time frame might give a better analysis.

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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 597.11 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.