Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-10 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 880244

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	905.05	903.20	920.80	900.55	0.435 times
09 Tue Apr 2024	903.15	929.80	933.85	900.00	0.605 times
08 Mon Apr 2024	925.85	942.10	953.60	923.00	0.554 times
05 Fri Apr 2024	941.40	946.25	955.75	921.30	0.82 times
04 Thu Apr 2024	940.10	956.65	959.20	933.60	0.722 times
03 Wed Apr 2024	951.85	938.80	964.95	934.10	1.533 times
02 Tue Apr 2024	934.10	946.95	967.65	926.65	1.092 times
01 Mon Apr 2024	944.30	910.00	948.60	908.25	0.842 times
28 Thu Mar 2024	906.80	924.00	926.85	900.00	0.736 times
27 Wed Mar 2024	913.80	885.00	929.70	884.50	2.094 times

My analysis of stock is bullish for shortterm, and stock might move up till 933.6 or till 985. Use a stoploss of 890.82 and if this stock hits its stoploss, then it can fall down till 848

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	885.5
Downside Intraday Target	865.95
Upside Intraday Target	939.1
Upside Intraday Target	973.15
Upside Intraday Target	919.55

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	905.05	942.10	953.60	900.00	0.318 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
10 Wed Apr 2024	905.05	910.00	967.65	900.00	0.329 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

MACD generated a SELL signal for Chennai Petroleum in short term but the sell signal is initial and weak.

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. Bears 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 928.55 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.