(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 2024-04-05 View latest technical analysis
10 day averaged volume of Chennai Petroleum is 918330
Date | Daily Closing Price | Open | High | Low | Volume |
05 Fri Apr 2024 | 941.40 | 946.25 | 955.75 | 921.30 | 0.786 times |
04 Thu Apr 2024 | 940.10 | 956.65 | 959.20 | 933.60 | 0.692 times |
03 Wed Apr 2024 | 951.85 | 938.80 | 964.95 | 934.10 | 1.47 times |
02 Tue Apr 2024 | 934.10 | 946.95 | 967.65 | 926.65 | 1.047 times |
01 Mon Apr 2024 | 944.30 | 910.00 | 948.60 | 908.25 | 0.807 times |
28 Thu Mar 2024 | 906.80 | 924.00 | 926.85 | 900.00 | 0.705 times |
27 Wed Mar 2024 | 913.80 | 885.00 | 929.70 | 884.50 | 2.007 times |
26 Tue Mar 2024 | 878.10 | 877.70 | 894.80 | 860.00 | 0.959 times |
22 Fri Mar 2024 | 877.70 | 856.50 | 889.45 | 856.50 | 0.824 times |
21 Thu Mar 2024 | 865.40 | 857.70 | 884.70 | 857.70 | 0.759 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 930.8, but if it comes below 930.8, then a intra day sell could be more profitable.
If you take a sell trade below 930.8, then use 930.8 as stoploss and 888.79 as target. However if you take a buy trade in stock , then use 930.8 as stoploss and 981.2 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 |
Upside 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 | 910.55 |
Downside Intraday Target | 879.7 |
Upside Intraday Target | 969.95 |
Upside Intraday Target | 998.5 |
Downside Intraday Target | 939.1 |
Weekly technical analysis of Chennai Petroleum (CHENNPETRO)
Date | Weekly Closing Price | Open | High | Low | Volume |
05 Fri Apr 2024 | 941.40 | 910.00 | 967.65 | 908.25 | 1.308 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 |
05 Fri Apr 2024 | 941.40 | 910.00 | 967.65 | 908.25 | 0.249 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 Weak 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Chennai Petroleum in short term but SELL signal is weak.
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 917.38 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 Weak 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a SELL signal for Chennai Petroleum in short term but SELL signal is weak.
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 917.38 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 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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