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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 966769

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	942.35	920.00	961.95	900.20	1.394 times
18 Thu Apr 2024	930.55	922.00	965.00	920.00	1.754 times
16 Tue Apr 2024	911.55	917.00	937.10	906.00	1.148 times
15 Mon Apr 2024	926.35	899.00	941.00	862.20	1.815 times
12 Fri Apr 2024	895.80	905.10	929.30	885.30	1.032 times
10 Wed Apr 2024	905.05	903.20	920.80	900.55	0.396 times
09 Tue Apr 2024	903.15	929.80	933.85	900.00	0.551 times
08 Mon Apr 2024	925.85	942.10	953.60	923.00	0.505 times
05 Fri Apr 2024	941.40	946.25	955.75	921.30	0.747 times
04 Thu Apr 2024	940.10	956.65	959.20	933.60	0.658 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 940, but if it comes below 940, then a intra day sell could be more profitable.
If you take a sell trade below 940, then use 940 as stoploss and 910.51 as target. However if you take a buy trade in stock , then use 940 as stoploss and 975.3 as target.

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	929.70
Upside Target	944.00
Upside Target	953.60
Upside Target	965.00
Upside Target	967.65
Upside Target	1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	881.37
Downside Intraday Target	820.38
Upside Intraday Target	984.17
Upside Intraday Target	1025.98
Downside Intraday Target	923.18

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
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
22 Fri Mar 2024	877.70	882.50	889.45	825.50	0.888 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
19 Fri Apr 2024	942.35	910.00	967.65	862.20	0.719 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, 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 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 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 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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Chennai Petroleum in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 924.35 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 positive

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