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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 2024-10-08 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 623878

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	923.35	910.00	934.00	882.70	1.084 times
07 Mon Oct 2024	910.45	950.00	951.30	903.10	0.92 times
04 Fri Oct 2024	943.20	916.00	964.50	916.00	3.705 times
03 Thu Oct 2024	918.50	928.00	931.95	912.55	0.559 times
01 Tue Oct 2024	935.75	936.90	944.00	932.20	0.54 times
30 Mon Sep 2024	934.45	943.90	943.90	923.05	0.675 times
27 Fri Sep 2024	920.65	919.95	933.85	913.15	0.824 times
26 Thu Sep 2024	919.75	928.30	930.00	914.60	0.357 times
25 Wed Sep 2024	927.55	925.00	932.00	912.65	0.564 times
24 Tue Sep 2024	921.45	922.00	927.65	917.55	0.501 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 928.2 as stoploss in an intra day sell trade for a target of 905.51. However, stock will show a bullish move above 928.2.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	853.35
Upside Target	933.85
Upside Target	945.65
Upside Target	951.30
Upside Target	964.50
Upside Target	993.75
Upside Target	1015.00
Upside Target	1039.00
Upside Target	1275.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	886.93
Downside Intraday Target	850.52
Upside Intraday Target	955.53
Upside Intraday Target	987.72
Downside Intraday Target	919.12

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	923.35	950.00	951.30	882.70	0.366 times
04 Fri Oct 2024	943.20	943.90	964.50	912.55	1.521 times
27 Fri Sep 2024	920.65	913.00	933.85	903.20	0.547 times
20 Fri Sep 2024	889.65	892.00	914.00	853.35	1.311 times
13 Fri Sep 2024	881.35	924.95	931.95	868.00	1.115 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
08 Tue Oct 2024	923.35	936.90	964.50	882.70	0.334 times
30 Mon Sep 2024	934.45	985.00	993.75	853.35	0.675 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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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 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 but selling is losing 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 930.65 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.