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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 2024-03-02 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1349490

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	908.70	895.50	916.70	895.45	0.04 times
01 Fri Mar 2024	894.70	895.00	923.40	891.30	0.495 times
29 Thu Feb 2024	884.05	919.00	922.90	871.40	1.031 times
28 Wed Feb 2024	915.05	916.00	966.65	908.20	1.239 times
27 Tue Feb 2024	914.65	944.00	946.90	902.10	0.547 times
26 Mon Feb 2024	942.50	945.10	957.80	937.00	0.548 times
23 Fri Feb 2024	949.10	923.55	953.75	923.55	0.78 times
22 Thu Feb 2024	920.70	940.95	949.40	915.00	0.771 times
21 Wed Feb 2024	935.95	973.00	986.00	928.05	0.665 times
20 Tue Feb 2024	969.20	990.50	995.35	964.10	0.738 times

My analysis of stock is bearish for shortterm, and stock might move down till 880.3 or till 831.7. Use a stoploss of 920.9 and if the stock hits stoploss, then it can shoot up till 961.45

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	803.20
Downside Target	871.40
Upside Target	923.40
Upside Target	966.65
Upside Target	979.90
Upside Target	999.90
Upside Target	1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	864.52
Downside Intraday Target	820.33
Upside Intraday Target	959.77
Upside Intraday Target	1010.83
Upside Intraday Target	915.58

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	908.70	945.10	966.65	871.40	0.635 times
23 Fri Feb 2024	949.10	955.60	1036.30	915.00	0.777 times
16 Fri Feb 2024	950.50	890.00	999.90	810.00	1.848 times
09 Fri Feb 2024	893.15	893.00	979.90	875.25	1.155 times
02 Fri Feb 2024	892.85	805.00	912.70	803.20	0.842 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
02 Sat Mar 2024	908.70	895.00	923.40	891.30	0.023 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 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 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 BUY. Signal strength is Weak and stock is losing 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 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 923.41 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.