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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 2025-04-16 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1681013

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Apr 2025	631.00	620.00	647.40	614.10	1.499 times
15 Tue Apr 2025	619.45	620.90	627.10	618.05	0.539 times
11 Fri Apr 2025	616.20	612.35	628.40	605.80	0.87 times
09 Wed Apr 2025	606.80	616.00	622.30	598.15	1.397 times
08 Tue Apr 2025	610.00	606.00	616.60	594.15	0.832 times
07 Mon Apr 2025	594.50	527.00	625.65	527.00	1.878 times
04 Fri Apr 2025	608.80	611.95	625.40	593.55	1.902 times
03 Thu Apr 2025	610.25	600.00	619.15	596.00	0.505 times
02 Wed Apr 2025	608.45	602.60	614.25	586.60	0.724 times
01 Tue Apr 2025	599.95	615.00	615.00	595.60	0.614 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 629.1, but if it comes below 629.1, then a intra day sell could be more profitable.
If you take a sell trade below 629.1, then use 629.1 as stoploss and 606.63 as target. However if you take a buy trade in stock , then use 629.1 as stoploss and 656 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	508.40
Downside Target	527.00
Downside Target	542.00
Downside Target	555.45
Downside Target	586.60
Downside Target	608.45
Upside Target	643.70
Upside Target	647.40
Upside Target	657.80
Upside Target	664.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	614.27
Downside Intraday Target	597.53
Upside Intraday Target	647.57
Upside Intraday Target	664.13
Downside Intraday Target	630.83

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Apr 2025	631.00	620.90	647.40	614.10	0.41 times
11 Fri Apr 2025	616.20	527.00	628.40	527.00	1.329 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

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
16 Wed Apr 2025	631.00	615.00	647.40	527.00	0.189 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 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 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 short to mid 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 mid to longer 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.

ADX buy sell signal for Chennai Petroleum stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Chennai Petroleum in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 609.9 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.