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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 2024-12-06 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1300320

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	619.10	631.00	634.00	616.10	0.805 times
05 Thu Dec 2024	630.15	649.95	650.15	628.00	1.035 times
04 Wed Dec 2024	646.35	649.85	657.80	640.00	0.75 times
03 Tue Dec 2024	649.85	635.00	655.70	630.85	1.342 times
02 Mon Dec 2024	629.40	625.00	642.50	617.10	1.159 times
29 Fri Nov 2024	626.75	621.25	631.75	621.25	0.433 times
28 Thu Nov 2024	628.05	622.25	633.80	621.05	0.706 times
27 Wed Nov 2024	621.60	610.00	624.00	601.15	0.971 times
26 Tue Nov 2024	609.45	591.30	617.50	588.75	1.33 times
25 Mon Nov 2024	591.30	599.00	606.80	589.60	0.896 times

My analysis of stock is bullish for shortterm, and stock might move up till 638.3 or till 669.8. Use a stoploss of 612.09 and if this stock hits its stoploss, then it can fall down till 585.85

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	565.20
Downside Target	588.75
Downside Target	607.70
Upside Target	633.05
Upside Target	657.80
Upside Target	676.90
Upside Target	853.35
Upside Target	886.65
Upside Target	993.75
Upside Target	999.00
Upside Target	1039.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	604.2
Downside Intraday Target	589.3
Upside Intraday Target	645.9
Upside Intraday Target	672.7
Upside Intraday Target	631

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	619.10	625.00	657.80	616.10	1.174 times
29 Fri Nov 2024	626.75	599.00	633.80	588.75	0.664 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

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
06 Fri Dec 2024	619.10	625.00	657.80	616.10	0.179 times
29 Fri Nov 2024	626.75	647.05	676.90	565.20	1.319 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. 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 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 tired and bears are picking up momentum.

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 625.4 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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.