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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 2025-05-12 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1225643

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon May 2025	618.75	610.00	621.80	610.00	0.528 times
09 Fri May 2025	591.90	590.00	600.00	587.10	0.477 times
08 Thu May 2025	605.35	617.00	630.60	600.00	0.5 times
07 Wed May 2025	615.15	602.45	618.80	599.40	0.475 times
06 Tue May 2025	607.95	625.00	627.50	605.95	0.552 times
05 Mon May 2025	625.55	625.00	636.95	622.25	0.817 times
02 Fri May 2025	617.70	608.50	621.80	604.40	0.612 times
30 Wed Apr 2025	612.30	620.00	624.90	603.00	0.722 times
29 Tue Apr 2025	619.55	624.00	630.00	617.45	0.559 times
28 Mon Apr 2025	620.95	629.85	631.00	614.00	1.002 times

My analysis of stock is bearish for shortterm, and stock might move down till 608.7 or till 596. Use a stoploss of 619.3 and if the stock hits stoploss, then it can shoot up till 629.89

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	587.10
Downside Target	603.00
Upside Target	636.95
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	611.9
Downside Intraday Target	605.05
Upside Intraday Target	623.7
Upside Intraday Target	628.65
Downside Intraday Target	616.85

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon May 2025	618.75	610.00	621.80	610.00	0.187 times
09 Fri May 2025	591.90	625.00	636.95	587.10	0.974 times
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

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
12 Mon May 2025	618.75	608.50	636.95	587.10	0.159 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 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 to mid 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 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.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 614.86 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 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 negative.

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