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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 2025-02-18 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 422461

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Feb 2025	478.60	480.00	485.85	470.20	1.007 times
17 Mon Feb 2025	484.05	479.30	485.65	467.85	1.356 times
14 Fri Feb 2025	479.35	500.00	503.95	476.50	1.022 times
13 Thu Feb 2025	501.75	496.60	512.15	496.60	0.652 times
12 Wed Feb 2025	501.25	497.00	505.40	478.25	1.579 times
11 Tue Feb 2025	501.70	513.45	515.45	498.00	1.015 times
10 Mon Feb 2025	517.05	520.00	523.60	513.05	0.693 times
07 Fri Feb 2025	522.85	523.30	529.00	518.95	0.596 times
06 Thu Feb 2025	526.75	532.65	538.95	525.15	0.787 times
05 Wed Feb 2025	532.65	527.35	542.00	527.35	1.187 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 495.2, but if it comes above 495.2, then a intra day buy could be more profitable.
If you take a sell trade below 495.2, then use 495.2 as stoploss and 462.6 as target. However if you take a buy trade in stock , then use 495.2 as stoploss and 522.47 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	467.85
Upside Target	508.40
Upside Target	542.00
Upside Target	562.55
Upside Target	565.20
Upside Target	608.95
Upside Target	633.05
Upside Target	647.35
Upside Target	657.80
Upside Target	676.90
Upside Target	999.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	469.02
Downside Intraday Target	459.43
Upside Intraday Target	487.02
Upside Intraday Target	495.43
Downside Intraday Target	477.43

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Feb 2025	478.60	479.30	485.85	467.85	0.476 times
14 Fri Feb 2025	479.35	520.00	523.60	476.50	1.05 times
07 Fri Feb 2025	522.85	535.00	542.00	514.30	0.69 times
31 Fri Jan 2025	541.45	551.15	552.40	508.40	0.759 times
24 Fri Jan 2025	556.90	590.95	608.95	552.00	0.856 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
18 Tue Feb 2025	478.60	535.00	542.00	467.85	0.245 times
31 Fri Jan 2025	541.45	625.80	647.35	508.40	0.561 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

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 Strong and stock is losing momentum.

MACD generated a SELL signal for Chennai Petroleum in short term and the sell signal is strong.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 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 502.61 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.