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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 2024-09-05 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 496435

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	974.25	970.05	983.70	964.00	1.228 times
04 Wed Sep 2024	972.95	983.25	989.65	970.05	0.823 times
03 Tue Sep 2024	983.45	985.70	987.40	978.45	0.47 times
02 Mon Sep 2024	981.60	985.00	993.75	973.05	0.818 times
30 Fri Aug 2024	975.40	972.50	984.30	968.00	0.876 times
29 Thu Aug 2024	965.40	974.00	985.70	960.00	0.793 times
28 Wed Aug 2024	970.10	989.95	993.70	968.10	0.826 times
27 Tue Aug 2024	985.00	1011.00	1011.00	981.75	0.9 times
26 Mon Aug 2024	1001.90	1025.00	1027.00	997.30	0.812 times
23 Fri Aug 2024	1016.75	996.40	1039.00	991.10	2.596 times

My analysis of stock is bullish for shortterm, and stock might move up till 999.4 or till 1036.1. Use a stoploss of 968.82 and if this stock hits its stoploss, then it can fall down till 938.23

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	828.50
Downside Target	886.65
Downside Target	945.65
Upside Target	993.75
Upside Target	1002.50
Upside Target	1015.00
Upside Target	1027.00
Upside Target	1035.70
Upside Target	1039.00
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	960.92
Downside Intraday Target	947.58
Upside Intraday Target	990.67
Upside Intraday Target	1007.08
Upside Intraday Target	977.33

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	974.25	985.00	993.75	964.00	0.794 times
30 Fri Aug 2024	975.40	1025.00	1027.00	960.00	0.555 times
23 Fri Aug 2024	1016.75	987.00	1039.00	975.00	0.47 times
16 Fri Aug 2024	981.60	910.00	1002.50	886.65	2.401 times
09 Fri Aug 2024	912.10	960.05	983.85	902.55	0.948 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
05 Thu Sep 2024	974.25	985.00	993.75	964.00	0.088 times
30 Fri Aug 2024	975.40	1016.90	1039.00	886.65	0.315 times
31 Wed Jul 2024	996.95	985.00	1275.00	945.65	4.481 times
28 Fri Jun 2024	982.10	948.00	1015.00	794.30	0.524 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Chennai Petroleum ( (CHENNPETRO) ) based on a short to mid 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 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 BUY signal for Chennai Petroleum in short term but the buy signal is initial and weak.

Chennai Petroleum Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 988.28 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.