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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 2025-04-08 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 3190712

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	610.00	606.00	616.60	594.15	0.438 times
07 Mon Apr 2025	594.50	527.00	625.65	527.00	0.99 times
04 Fri Apr 2025	608.80	611.95	625.40	593.55	1.002 times
03 Thu Apr 2025	610.25	600.00	619.15	596.00	0.266 times
02 Wed Apr 2025	608.45	602.60	614.25	586.60	0.382 times
01 Tue Apr 2025	599.95	615.00	615.00	595.60	0.323 times
28 Fri Mar 2025	615.10	625.50	642.95	610.15	0.389 times
27 Thu Mar 2025	626.15	630.20	634.00	614.25	0.617 times
26 Wed Mar 2025	630.55	614.25	664.50	613.00	4.213 times
25 Tue Mar 2025	614.25	641.50	643.85	608.45	0.547 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 624.9 as stoploss in an intra day sell trade for a target of 592.33. However, stock will show a bullish move above 624.9.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	500.05
Downside Target	527.00
Downside Target	542.00
Downside Target	555.45
Downside Target	577.50
Downside Target	608.45
Upside Target	625.40
Upside Target	643.70
Upside Target	647.35
Upside Target	657.80
Upside Target	664.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	549.45
Downside Intraday Target	488.9
Upside Intraday Target	648.1
Upside Intraday Target	686.2
Downside Intraday Target	587.55

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	610.00	527.00	625.65	527.00	0.724 times
04 Fri Apr 2025	608.80	615.00	625.40	586.60	0.28 times
28 Fri Mar 2025	615.10	640.00	664.50	608.45	1.356 times
21 Fri Mar 2025	632.95	570.15	643.70	555.45	0.496 times
13 Thu Mar 2025	570.15	527.00	577.50	500.05	1.418 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
08 Tue Apr 2025	610.00	615.00	625.65	527.00	0.113 times
28 Fri Mar 2025	615.10	450.15	664.50	433.10	11.592 times
28 Fri Feb 2025	451.60	535.00	542.00	450.00	0.398 times
31 Fri Jan 2025	541.45	625.80	647.35	508.40	0.561 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

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 green color and prices are above the green 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

Although the stock is in the BUY zone, but buying 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 618.78 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 positive

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