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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 966561

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	941.25	950.85	964.85	936.10	0.672 times
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	1.816 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

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 942.7 as stoploss in an intra day sell trade for a target of 914.16. However, stock will show a bullish move above 942.7.

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	953.60
Upside Target	964.85
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	929.95
Downside Intraday Target	918.65
Upside Intraday Target	958.7
Upside Intraday Target	976.15
Upside Intraday Target	947.4

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	941.25	950.85	964.85	936.10	0.11 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 down 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
22 Mon Apr 2024	941.25	910.00	967.65	862.20	0.755 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 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 losing 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 coming down

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 924.45 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.