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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 2024-10-14 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 610463

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	906.55	913.00	913.10	898.00	0.32 times
11 Fri Oct 2024	909.00	906.95	913.40	893.70	0.596 times
10 Thu Oct 2024	904.90	922.70	927.65	901.05	0.476 times
09 Wed Oct 2024	920.55	929.00	941.70	918.00	0.439 times
08 Tue Oct 2024	923.35	910.00	934.00	882.70	1.108 times
07 Mon Oct 2024	910.45	950.00	951.30	903.10	0.94 times
04 Fri Oct 2024	943.20	916.00	964.50	916.00	3.786 times
03 Thu Oct 2024	918.50	928.00	931.95	912.55	0.571 times
01 Tue Oct 2024	935.75	936.90	944.00	932.20	0.552 times
30 Mon Sep 2024	934.45	943.90	943.90	923.05	0.69 times

My analysis of stock is bearish for shortterm, and stock might move down till 890.6 or till 866.5. Use a stoploss of 910.6 and if the stock hits stoploss, then it can shoot up till 930.65

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	853.35
Downside Target	882.70
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	898.67
Downside Intraday Target	890.78
Upside Intraday Target	913.77
Upside Intraday Target	920.98
Downside Intraday Target	905.88

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	906.55	913.00	913.10	898.00	0.09 times
11 Fri Oct 2024	909.00	950.00	951.30	882.70	0.636 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

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
14 Mon Oct 2024	906.55	936.90	964.50	882.70	0.422 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 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 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 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 Strong 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 below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Chennai Petroleum in short term but BUY 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

Stock of Chennai Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 928.71 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.