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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.

10 day averaged volume of Chennai Petroleum is 822533

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Aug 2025	659.20	664.90	664.90	656.00	0.452 times
21 Thu Aug 2025	663.60	660.50	678.00	657.10	1.352 times
20 Wed Aug 2025	659.45	660.00	676.40	655.00	1.448 times
19 Tue Aug 2025	656.15	628.90	658.60	628.90	1.51 times
18 Mon Aug 2025	627.05	644.00	644.10	620.85	1.043 times
14 Thu Aug 2025	633.35	651.25	655.75	631.65	0.679 times
13 Wed Aug 2025	651.25	663.75	664.70	649.60	0.388 times
12 Tue Aug 2025	660.80	659.10	668.00	653.90	0.744 times
11 Mon Aug 2025	659.10	644.20	662.85	638.70	0.95 times
08 Fri Aug 2025	643.50	640.00	662.30	633.30	1.184 times

My analysis of stock is bearish for shortterm, and stock might move down till 636.7 or till 606.9. Use a stoploss of 661.48 and if the stock hits stoploss, then it can shoot up till 686.27

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	527.00
Downside Target	587.10
Downside Target	603.10
Downside Target	620.85
Downside Target	652.80
Upside Target	678.00
Upside Target	682.00
Upside Target	708.00
Upside Target	729.50
Upside Target	737.30
Upside Target	799.70

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	627.37
Downside Intraday Target	595.53
Upside Intraday Target	684.52
Upside Intraday Target	709.83
Downside Intraday Target	652.68

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Aug 2025	659.20	644.00	678.00	620.85	2.103 times
14 Thu Aug 2025	633.35	644.20	668.00	631.65	0.591 times
08 Fri Aug 2025	643.50	656.00	662.30	626.40	0.349 times
01 Fri Aug 2025	656.50	685.05	729.50	652.80	0.701 times
25 Fri Jul 2025	687.60	750.00	799.70	675.00	1.299 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Aug 2025	659.20	680.70	682.00	620.85	0.142 times
31 Thu Jul 2025	682.65	684.05	799.70	675.00	1.841 times
30 Mon Jun 2025	679.40	670.00	708.00	603.10	1.351 times
30 Fri May 2025	676.20	608.50	737.30	587.10	1.09 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a mid to longer 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.

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 BUY signal for Chennai Petroleum in short term but the buy signal is initial and weak.

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 red color and prices are below the red cloud Prices appear to be coming down

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 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 652.03 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.