(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 2024-03-13 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 923490
Date | Daily Closing Price | Open | High | Low | Volume |
13 Wed Mar 2024 | 777.35 | 860.00 | 860.00 | 743.05 | 1.261 times |
12 Tue Mar 2024 | 860.70 | 887.45 | 891.45 | 853.20 | 0.905 times |
11 Mon Mar 2024 | 887.90 | 896.00 | 905.50 | 882.90 | 0.568 times |
07 Thu Mar 2024 | 903.95 | 905.00 | 922.00 | 892.60 | 0.827 times |
06 Wed Mar 2024 | 901.50 | 922.00 | 944.00 | 893.30 | 1.139 times |
05 Tue Mar 2024 | 921.85 | 893.50 | 932.95 | 879.55 | 1.954 times |
04 Mon Mar 2024 | 893.90 | 910.00 | 913.90 | 890.65 | 0.507 times |
02 Sat Mar 2024 | 908.70 | 895.50 | 916.70 | 895.45 | 0.058 times |
01 Fri Mar 2024 | 894.70 | 895.00 | 923.40 | 891.30 | 0.724 times |
29 Thu Feb 2024 | 884.05 | 919.00 | 922.90 | 871.40 | 1.507 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 815.5, for a target of 869.8 or 914.94
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 |
Upside Target | 810.00 |
Upside Target | 871.40 |
Upside Target | 905.50 |
Upside Target | 944.00 |
Upside Target | 966.65 |
Upside Target | 999.90 |
Upside Target | 1036.30 |
Intraday share price targets for Chennai Petroleum (CHENNPETRO)
Target Type | Value |
Downside Intraday Target | 711.77 |
Downside Intraday Target | 646.18 |
Upside Intraday Target | 874.22 |
Upside Intraday Target | 971.08 |
Upside Intraday Target | 808.63 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
13 Wed Mar 2024 | 777.35 | 896.00 | 905.50 | 743.05 | 0.618 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 |
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 |
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 |
13 Wed Mar 2024 | 777.35 | 895.00 | 944.00 | 743.05 | 0.231 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 down 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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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
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 880.97 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 negative.
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 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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
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
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 880.97 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 negative.
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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