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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 2024-04-01 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1036151

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	944.30	910.00	948.60	908.25	0.716 times
28 Thu Mar 2024	906.80	924.00	926.85	900.00	0.625 times
27 Wed Mar 2024	913.80	885.00	929.70	884.50	1.779 times
26 Tue Mar 2024	878.10	877.70	894.80	860.00	0.85 times
22 Fri Mar 2024	877.70	856.50	889.45	856.50	0.73 times
21 Thu Mar 2024	865.40	857.70	884.70	857.70	0.673 times
20 Wed Mar 2024	847.70	868.20	871.15	842.00	0.646 times
19 Tue Mar 2024	868.20	850.00	888.80	825.50	1.638 times
18 Mon Mar 2024	846.50	882.50	885.00	827.55	0.631 times
15 Fri Mar 2024	877.30	840.00	885.90	812.85	1.456 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 958.1, for a target of 916.2 or 881.37

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	879.55
Downside Target	908.25
Downside Target	929.70
Downside Target	944.00
Upside Target	948.60
Upside Target	1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	918.83
Downside Intraday Target	893.37
Upside Intraday Target	959.18
Upside Intraday Target	974.07
Downside Intraday Target	933.72

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	944.30	910.00	948.60	908.25	0.22 times
28 Thu Mar 2024	906.80	877.70	929.70	860.00	0.754 times
22 Fri Mar 2024	877.70	882.50	889.45	825.50	0.888 times
15 Fri Mar 2024	877.30	896.00	905.50	743.05	1.233 times
07 Thu Mar 2024	903.95	910.00	944.00	879.55	0.777 times

Price has moved up 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
01 Mon Apr 2024	944.30	910.00	948.60	908.25	0.042 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 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 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 Strong and stock is gaining 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Chennai Petroleum in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 884.57 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.