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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 2025-05-02 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1497753

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri May 2025	617.70	608.50	621.80	604.40	0.501 times
30 Wed Apr 2025	612.30	620.00	624.90	603.00	0.591 times
29 Tue Apr 2025	619.55	624.00	630.00	617.45	0.458 times
28 Mon Apr 2025	620.95	629.85	631.00	614.00	0.82 times
25 Fri Apr 2025	631.00	628.95	664.10	611.80	3.504 times
24 Thu Apr 2025	627.15	629.30	634.90	625.00	0.353 times
23 Wed Apr 2025	628.40	640.00	643.35	620.85	0.611 times
22 Tue Apr 2025	633.80	638.00	642.40	630.40	0.539 times
21 Mon Apr 2025	635.35	627.45	642.30	624.75	0.799 times
17 Thu Apr 2025	621.75	630.00	634.00	620.00	0.642 times

My analysis of stock is bullish for shortterm, and stock might move up till 628.7 or till 642. Use a stoploss of 617.67 and if this stock hits its stoploss, then it can fall down till 606.61

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	586.60
Downside Target	603.00
Upside Target	631.00
Upside Target	647.35
Upside Target	647.40
Upside Target	664.10
Upside Target	664.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	603.47
Downside Intraday Target	589.23
Upside Intraday Target	631.47
Upside Intraday Target	645.23
Downside Intraday Target	617.23

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri May 2025	617.70	629.85	631.00	603.00	0.408 times
25 Fri Apr 2025	631.00	627.45	664.10	611.80	1.982 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

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
02 Fri May 2025	617.70	608.50	621.80	604.40	0.025 times
30 Wed Apr 2025	612.30	615.00	664.10	527.00	0.319 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

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

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 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 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 627.02 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.