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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 2024-04-03 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 954862

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	951.85	938.80	964.95	934.10	1.413 times
02 Tue Apr 2024	934.10	946.95	967.65	926.65	1.007 times
01 Mon Apr 2024	944.30	910.00	948.60	908.25	0.777 times
28 Thu Mar 2024	906.80	924.00	926.85	900.00	0.678 times
27 Wed Mar 2024	913.80	885.00	929.70	884.50	1.93 times
26 Tue Mar 2024	878.10	877.70	894.80	860.00	0.922 times
22 Fri Mar 2024	877.70	856.50	889.45	856.50	0.792 times
21 Thu Mar 2024	865.40	857.70	884.70	857.70	0.73 times
20 Wed Mar 2024	847.70	868.20	871.15	842.00	0.701 times
19 Tue Mar 2024	868.20	850.00	888.80	825.50	1.777 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 924.7, but if it comes below 924.7, then a intra day sell could be more profitable.
If you take a sell trade below 924.7, then use 924.7 as stoploss and 885.5 as target. However if you take a buy trade in stock , then use 924.7 as stoploss and 971.8 as target.

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	967.65
Upside Target	1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	917.52
Downside Intraday Target	883.18
Upside Intraday Target	976.92
Upside Intraday Target	1001.98
Downside Intraday Target	942.58

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	951.85	910.00	967.65	908.25	0.905 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
03 Wed Apr 2024	951.85	910.00	967.65	908.25	0.172 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 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 Strong and stock is losing 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 green color and prices are above the green 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 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 901.58 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.