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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.

10 day averaged volume of Chennai Petroleum is 2525893

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	1076.20	1080.00	1097.90	1056.00	1.628 times
24 Wed Apr 2024	1075.00	931.10	1098.65	915.10	6.439 times
23 Tue Apr 2024	928.20	946.80	950.70	925.00	0.208 times
22 Mon Apr 2024	941.25	950.85	964.85	936.10	0.257 times
19 Fri Apr 2024	942.35	920.00	961.95	900.20	0.533 times
18 Thu Apr 2024	930.55	922.00	965.00	920.00	0.671 times
16 Tue Apr 2024	911.55	917.00	937.10	906.00	0.439 times
15 Mon Apr 2024	926.35	899.00	941.00	862.20	0.695 times
12 Fri Apr 2024	895.80	905.10	929.30	885.30	0.395 times
10 Wed Apr 2024	905.05	903.20	920.80	900.55	0.152 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1046.9, for a target of 987.8 or 938.59

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	653.45
Downside Target	693.05
Downside Target	741.10
Downside Target	810.00
Downside Target	860.00
Downside Target	885.30
Downside Target	908.00
Downside Target	953.60
Downside Target	965.00
Downside Target	967.65
Downside Target	1036.30
Upside Target	1098.65

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	961.32
Downside Intraday Target	846.43
Upside Intraday Target	1144.87
Upside Intraday Target	1213.53
Downside Intraday Target	1029.98

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	1076.20	950.85	1098.65	915.10	3.648 times
19 Fri Apr 2024	942.35	899.00	965.00	862.20	2.461 times
12 Fri Apr 2024	895.80	942.10	953.60	885.30	0.544 times
05 Fri Apr 2024	941.40	910.00	967.65	908.25	1.308 times
28 Thu Mar 2024	906.80	877.70	929.70	860.00	0.754 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	1076.20	910.00	1098.65	862.20	1.937 times
28 Thu Mar 2024	906.80	895.00	944.00	743.05	0.556 times
29 Thu Feb 2024	884.05	856.00	1036.30	810.00	0.868 times
31 Wed Jan 2024	854.00	705.00	908.00	693.05	1.413 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 1031.01 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.