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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 2025-04-09 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2924751

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Apr 2025	606.80	616.00	622.30	598.15	0.803 times
08 Tue Apr 2025	610.00	606.00	616.60	594.15	0.478 times
07 Mon Apr 2025	594.50	527.00	625.65	527.00	1.079 times
04 Fri Apr 2025	608.80	611.95	625.40	593.55	1.093 times
03 Thu Apr 2025	610.25	600.00	619.15	596.00	0.29 times
02 Wed Apr 2025	608.45	602.60	614.25	586.60	0.416 times
01 Tue Apr 2025	599.95	615.00	615.00	595.60	0.353 times
28 Fri Mar 2025	615.10	625.50	642.95	610.15	0.424 times
27 Thu Mar 2025	626.15	630.20	634.00	614.25	0.673 times
26 Wed Mar 2025	630.55	614.25	664.50	613.00	4.596 times

My analysis of stock is bullish for shortterm, and stock might move up till 624.1 or till 656.5. Use a stoploss of 597.02 and if this stock hits its stoploss, then it can fall down till 569.96

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
Upside 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	547.32
Downside Intraday Target	487.83
Upside Intraday Target	645.97
Upside Intraday Target	685.13
Downside Intraday Target	586.48

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Apr 2025	606.80	527.00	625.65	527.00	1.097 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 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
09 Wed Apr 2025	606.80	615.00	625.65	527.00	0.138 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 coming down

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 618.11 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.