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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 2025-01-01 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2531836

Date	Daily Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	631.95	625.80	639.60	624.00	0.575 times
31 Tue Dec 2024	625.80	590.00	651.00	586.25	5.24 times
30 Mon Dec 2024	592.10	604.00	604.45	588.10	0.161 times
27 Fri Dec 2024	606.15	613.15	614.85	603.10	0.177 times
26 Thu Dec 2024	607.65	594.90	612.00	593.20	0.376 times
24 Tue Dec 2024	594.95	598.40	602.55	591.10	0.219 times
23 Mon Dec 2024	601.40	594.50	606.35	584.65	0.333 times
20 Fri Dec 2024	594.30	606.00	617.80	590.25	0.688 times
19 Thu Dec 2024	606.20	568.20	611.95	562.55	2.324 times
18 Wed Dec 2024	574.55	585.20	587.00	572.00	0.266 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 622.4, but if it comes below 622.4, then a intra day sell could be more profitable.
If you take a sell trade below 622.4, then use 622.4 as stoploss and 605.43 as target. However if you take a buy trade in stock , then use 622.4 as stoploss and 642.8 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	562.55
Downside Target	584.65
Downside Target	614.85
Upside Target	639.60
Upside Target	651.00
Upside Target	657.80
Upside Target	676.90
Upside Target	853.35
Upside Target	993.75
Upside Target	999.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	595.13
Downside Intraday Target	558.32
Upside Intraday Target	659.88
Upside Intraday Target	687.82
Downside Intraday Target	623.07

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	631.95	604.00	651.00	586.25	5.41 times
27 Fri Dec 2024	606.15	594.50	614.85	584.65	0.293 times
20 Fri Dec 2024	594.30	598.10	617.80	562.55	2.195 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

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
01 Wed Jan 2025	631.95	625.80	639.60	624.00	0.039 times
31 Tue Dec 2024	625.80	625.00	657.80	562.55	0.999 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

Scroll below to view daily charts

Price has moved up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong 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 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 BUY signal in short term but buying 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 615.38 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.