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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 2025-05-15 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 663626

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu May 2025	640.30	626.85	658.85	626.05	3.571 times
14 Wed May 2025	626.85	622.60	629.70	621.00	0.706 times
13 Tue May 2025	621.15	618.75	625.00	611.40	0.644 times
12 Mon May 2025	618.75	610.00	621.80	610.00	0.974 times
09 Fri May 2025	591.90	590.00	600.00	587.10	0.881 times
08 Thu May 2025	605.35	617.00	630.60	600.00	0.924 times
07 Wed May 2025	615.15	602.45	618.80	599.40	0.878 times
06 Tue May 2025	607.95	625.00	627.50	605.95	1.02 times
05 Mon May 2025	625.55	625.00	636.95	622.25	1.508 times
02 Fri May 2025	617.70	608.50	621.80	604.40	1.13 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 632.7, but if it comes below 632.7, then a intra day sell could be more profitable.
If you take a sell trade below 632.7, then use 632.7 as stoploss and 621.6 as target. However if you take a buy trade in stock , then use 632.7 as stoploss and 646.1 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	587.10
Downside Target	603.00
Downside Target	631.00
Upside Target	647.40
Upside Target	658.85
Upside Target	664.10
Upside Target	664.50

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	613.92
Downside Intraday Target	587.53
Upside Intraday Target	662.77
Upside Intraday Target	685.23
Downside Intraday Target	636.38

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu May 2025	640.30	610.00	658.85	610.00	1.131 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
15 Thu May 2025	640.30	608.50	658.85	587.10	0.266 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 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 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 Strong 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 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 622.27 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.