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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 2025-04-22 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1799891

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Apr 2025	633.80	638.00	642.40	630.40	0.449 times
21 Mon Apr 2025	635.35	627.45	642.30	624.75	0.665 times
17 Thu Apr 2025	621.75	630.00	634.00	620.00	0.534 times
16 Wed Apr 2025	631.00	620.00	647.40	614.10	1.4 times
15 Tue Apr 2025	619.45	620.90	627.10	618.05	0.504 times
11 Fri Apr 2025	616.20	612.35	628.40	605.80	0.812 times
09 Wed Apr 2025	606.80	616.00	622.30	598.15	1.305 times
08 Tue Apr 2025	610.00	606.00	616.60	594.15	0.777 times
07 Mon Apr 2025	594.50	527.00	625.65	527.00	1.754 times
04 Fri Apr 2025	608.80	611.95	625.40	593.55	1.777 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 631.7, but if it comes below 631.7, then a intra day sell could be more profitable.
If you take a sell trade below 631.7, then use 631.7 as stoploss and 616.42 as target. However if you take a buy trade in stock , then use 631.7 as stoploss and 650 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	562.55
Downside Target	586.60
Downside Target	608.45
Upside Target	642.40
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	624.9
Downside Intraday Target	616
Upside Intraday Target	642.55
Upside Intraday Target	651.3
Downside Intraday Target	633.65

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Apr 2025	633.80	627.45	642.40	624.75	0.457 times
17 Thu Apr 2025	621.75	620.90	647.40	614.10	0.524 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

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
22 Tue Apr 2025	633.80	615.00	647.40	527.00	0.22 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 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 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 coming down

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 613.96 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.