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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 2025-06-10 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1600158

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Jun 2025	668.85	656.00	672.00	655.55	0.995 times
09 Mon Jun 2025	655.90	651.50	660.70	649.15	0.477 times
06 Fri Jun 2025	648.35	653.50	656.50	646.60	0.317 times
05 Thu Jun 2025	652.95	663.70	664.90	651.00	0.391 times
04 Wed Jun 2025	658.50	653.65	663.45	647.55	0.664 times
03 Tue Jun 2025	651.15	667.50	674.50	647.20	0.714 times
02 Mon Jun 2025	666.80	670.00	674.00	664.15	0.519 times
30 Fri May 2025	676.20	723.10	723.65	663.25	2.087 times
29 Thu May 2025	721.65	724.00	737.30	719.05	1.133 times
28 Wed May 2025	719.05	686.00	727.90	681.00	3.133 times

My analysis of stock is bearish for shortterm, and stock might move down till 645.5 or till 616.8. Use a stoploss of 669.4 and if the stock hits stoploss, then it can shoot up till 693.31

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	433.10
Downside Target	450.00
Downside Target	527.00
Downside Target	542.00
Downside Target	587.10
Downside Target	610.00
Downside Target	640.50
Upside Target	672.00
Upside Target	674.50
Upside Target	703.75
Upside Target	737.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	654.67
Downside Intraday Target	640.48
Upside Intraday Target	677.52
Upside Intraday Target	686.18
Downside Intraday Target	663.33

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Jun 2025	668.85	651.50	672.00	649.15	0.565 times
06 Fri Jun 2025	648.35	670.00	674.50	646.60	0.355 times
30 Fri May 2025	676.20	683.75	737.30	663.25	0.941 times
23 Fri May 2025	680.60	646.80	703.75	640.50	2.579 times
16 Fri May 2025	646.75	610.00	658.85	610.00	1.4 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
10 Tue Jun 2025	668.85	670.00	674.50	646.60	0.196 times
30 Fri May 2025	676.20	608.50	737.30	587.10	1.09 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

Scroll below to view daily charts

Price has moved down 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 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 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.

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 in or below 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 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 687.35 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.