(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 2024-03-07 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 964226
Date | Daily Closing Price | Open | High | Low | Volume |
07 Thu Mar 2024 | 903.95 | 905.00 | 922.00 | 892.60 | 0.792 times |
06 Wed Mar 2024 | 901.50 | 922.00 | 944.00 | 893.30 | 1.091 times |
05 Tue Mar 2024 | 921.85 | 893.50 | 932.95 | 879.55 | 1.872 times |
04 Mon Mar 2024 | 893.90 | 910.00 | 913.90 | 890.65 | 0.485 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 | 0.693 times |
29 Thu Feb 2024 | 884.05 | 919.00 | 922.90 | 871.40 | 1.443 times |
28 Wed Feb 2024 | 915.05 | 916.00 | 966.65 | 908.20 | 1.734 times |
27 Tue Feb 2024 | 914.65 | 944.00 | 946.90 | 902.10 | 0.766 times |
26 Mon Feb 2024 | 942.50 | 945.10 | 957.80 | 937.00 | 0.767 times |
My analysis of stock is bearish for shortterm, and stock might move down till 877 or till 828.9. Use a stoploss of 916.96 and if the stock hits stoploss, then it can shoot up till 956.97
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 | 874.33 |
Downside Intraday Target | 844.72 |
Upside Intraday Target | 938.78 |
Upside Intraday Target | 973.62 |
Upside Intraday Target | 909.17 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
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 |
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 |
07 Thu Mar 2024 | 903.95 | 895.00 | 944.00 | 879.55 | 0.151 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 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 term time period is neutral. A longer time frame might give a better analysis.
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 losing 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 moving up
CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 908.91 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.
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 term time period is neutral. A longer time frame might give a better analysis.
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 losing 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 moving up
CCI has generated a SELL signal for Chennai Petroleum in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up 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 908.91 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.
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Daily charts
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