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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 2024-04-09 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 902669

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	903.15	929.80	933.85	900.00	0.59 times
08 Mon Apr 2024	925.85	942.10	953.60	923.00	0.54 times
05 Fri Apr 2024	941.40	946.25	955.75	921.30	0.8 times
04 Thu Apr 2024	940.10	956.65	959.20	933.60	0.704 times
03 Wed Apr 2024	951.85	938.80	964.95	934.10	1.495 times
02 Tue Apr 2024	934.10	946.95	967.65	926.65	1.065 times
01 Mon Apr 2024	944.30	910.00	948.60	908.25	0.821 times
28 Thu Mar 2024	906.80	924.00	926.85	900.00	0.717 times
27 Wed Mar 2024	913.80	885.00	929.70	884.50	2.042 times
26 Tue Mar 2024	878.10	877.70	894.80	860.00	0.976 times

My analysis of stock is bullish for shortterm, and stock might move up till 932.7 or till 983.9. Use a stoploss of 889.96 and if this stock hits its stoploss, then it can fall down till 847.26

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	889.45
Upside Target	908.25
Upside Target	929.70
Upside Target	944.00
Upside Target	953.60
Upside Target	967.65
Upside Target	1036.30

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	884.23
Downside Intraday Target	865.32
Upside Intraday Target	937.83
Upside Intraday Target	972.52
Upside Intraday Target	918.92

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	903.15	942.10	953.60	900.00	0.231 times
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

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
09 Tue Apr 2024	903.15	910.00	967.65	900.00	0.307 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 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 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 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 SELL. 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.

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. 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 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 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 924.52 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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.