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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 2024-11-27 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1809883

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	621.60	610.00	624.00	601.15	0.698 times
26 Tue Nov 2024	609.45	591.30	617.50	588.75	0.956 times
25 Mon Nov 2024	591.30	599.00	606.80	589.60	0.644 times
22 Fri Nov 2024	583.25	570.00	592.30	570.00	0.99 times
21 Thu Nov 2024	569.20	574.95	576.30	565.20	0.553 times
19 Tue Nov 2024	578.90	592.00	607.70	575.00	2.217 times
18 Mon Nov 2024	569.15	579.00	596.25	566.00	0.93 times
14 Thu Nov 2024	578.30	596.00	597.15	569.00	1.239 times
13 Wed Nov 2024	597.20	595.00	603.90	578.05	0.951 times
12 Tue Nov 2024	602.20	632.00	632.10	599.50	0.631 times

My analysis of stock is bullish for shortterm, and stock might move up till 650.1 or till 689.3. Use a stoploss of 617.38 and if this stock hits its stoploss, then it can fall down till 584.71

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	565.20
Downside Target	588.75
Downside Target	607.70
Upside Target	624.00
Upside Target	676.90
Upside Target	720.00
Upside Target	853.35
Upside Target	886.65
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	598.9
Downside Intraday Target	576.2
Upside Intraday Target	634.15
Upside Intraday Target	646.7
Downside Intraday Target	611.45

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	621.60	599.00	624.00	588.75	0.49 times
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

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
27 Wed Nov 2024	621.60	647.05	676.90	565.20	1.267 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 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 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. Bulls are getting stronger in this stock.

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 and selling is picking up 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 587.89 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 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.