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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 987076

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 913.80 885.00 929.70 884.50 1.867 times
26 Tue Mar 2024 878.10 877.70 894.80 860.00 0.892 times
22 Fri Mar 2024 877.70 856.50 889.45 856.50 0.767 times
21 Thu Mar 2024 865.40 857.70 884.70 857.70 0.707 times
20 Wed Mar 2024 847.70 868.20 871.15 842.00 0.678 times
19 Tue Mar 2024 868.20 850.00 888.80 825.50 1.719 times
18 Mon Mar 2024 846.50 882.50 885.00 827.55 0.662 times
15 Fri Mar 2024 877.30 840.00 885.90 812.85 1.528 times
14 Thu Mar 2024 851.05 780.95 857.90 768.05 1.02 times
13 Wed Mar 2024 777.35 860.00 860.00 743.05 1.179 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 911, but if it comes below 911, then a intra day sell could be more profitable.
If you take a sell trade below 911, then use 911 as stoploss and 878.77 as target. However if you take a buy trade in stock , then use 911 as stoploss and 949.6 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Target 569.10
Downside Target 653.45
Downside Target 674.00
Downside Target 693.05
Downside Target 741.10
Downside Target 810.00
Downside Target 860.00
Downside Target 908.00
Upside Target 929.70
Upside Target 944.00
Upside Target 966.65
Upside Target 1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type Value
Downside Intraday Target 872.63
Downside Intraday Target 831.47
Upside Intraday Target 942.33
Upside Intraday Target 970.87
Downside Intraday Target 901.17

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 913.80 877.70 929.70 860.00 0.609 times
22 Fri Mar 2024 877.70 882.50 889.45 825.50 0.888 times
15 Fri Mar 2024 877.30 896.00 905.50 743.05 1.233 times
07 Thu Mar 2024 903.95 910.00 944.00 879.55 0.777 times
02 Sat Mar 2024 908.70 945.10 966.65 871.40 0.635 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
27 Wed Mar 2024 913.80 895.00 944.00 743.05 0.536 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
29 Fri Dec 2023 696.00 668.80 741.10 653.45 0.609 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 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 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 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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 864.6 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.

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 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 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 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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 864.6 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.

Click here for Chennai Petroleum charts

Click here for further forecast and predictions for tomorrow

Daily charts

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