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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 2024-03-06 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 963112

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	901.50	922.00	944.00	893.30	1.092 times
05 Tue Mar 2024	921.85	893.50	932.95	879.55	1.874 times
04 Mon Mar 2024	893.90	910.00	913.90	890.65	0.486 times
02 Sat Mar 2024	908.70	895.50	916.70	895.45	0.056 times
01 Fri Mar 2024	894.70	895.00	923.40	891.30	0.694 times
29 Thu Feb 2024	884.05	919.00	922.90	871.40	1.445 times
28 Wed Feb 2024	915.05	916.00	966.65	908.20	1.736 times
27 Tue Feb 2024	914.65	944.00	946.90	902.10	0.767 times
26 Mon Feb 2024	942.50	945.10	957.80	937.00	0.768 times
23 Fri Feb 2024	949.10	923.55	953.75	923.55	1.093 times

My analysis of stock is bearish for shortterm, and stock might move down till 876.2 or till 827.9. Use a stoploss of 916.42 and if the stock hits stoploss, then it can shoot up till 956.67

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	871.40
Upside Target	908.00
Upside Target	944.00
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	872.7
Downside Intraday Target	843.9
Upside Intraday Target	937.15
Upside Intraday Target	972.8
Upside Intraday Target	908.35

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	901.50	910.00	944.00	879.55	0.632 times
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

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
06 Wed Mar 2024	901.50	895.00	944.00	879.55	0.127 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

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. 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 coming down

CCI has generated a buy signal for Chennai Petroleum in short term but BUY signal is weak.

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

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 913.69 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.