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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 2024-12-19 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 867936

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	606.20	568.20	611.95	562.55	6.78 times
18 Wed Dec 2024	574.55	585.20	587.00	572.00	0.777 times
17 Tue Dec 2024	585.70	592.00	595.65	585.00	0.627 times
16 Mon Dec 2024	594.05	598.10	599.00	590.05	0.822 times
13 Fri Dec 2024	592.40	595.00	601.15	591.00	1.064 times
12 Thu Dec 2024	598.35	604.00	605.05	596.00	0.73 times
11 Wed Dec 2024	601.75	609.55	612.40	600.00	0.714 times
10 Tue Dec 2024	605.40	602.30	610.40	592.50	1.047 times
09 Mon Dec 2024	600.20	619.65	620.80	597.75	1.463 times
06 Fri Dec 2024	619.10	631.00	634.00	616.10	1.206 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 589.3 or till 564.8. Use a stoploss of 609.69 and if the stock hits stoploss, then it can shoot up till 630.09

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	562.55
Downside Target	588.75
Upside Target	607.70
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	575.18
Downside Intraday Target	544.17
Upside Intraday Target	624.58
Upside Intraday Target	642.97
Downside Intraday Target	593.57

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	606.20	598.10	611.95	562.55	1.795 times
13 Fri Dec 2024	592.40	619.65	620.80	591.00	0.658 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	606.20	625.00	657.80	562.55	0.508 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 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 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 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 in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 601.93 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.