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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 2024-10-15 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 578623

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	892.55	908.00	908.90	890.10	0.472 times
14 Mon Oct 2024	906.55	913.00	913.10	898.00	0.338 times
11 Fri Oct 2024	909.00	906.95	913.40	893.70	0.629 times
10 Thu Oct 2024	904.90	922.70	927.65	901.05	0.502 times
09 Wed Oct 2024	920.55	929.00	941.70	918.00	0.463 times
08 Tue Oct 2024	923.35	910.00	934.00	882.70	1.169 times
07 Mon Oct 2024	910.45	950.00	951.30	903.10	0.992 times
04 Fri Oct 2024	943.20	916.00	964.50	916.00	3.995 times
03 Thu Oct 2024	918.50	928.00	931.95	912.55	0.602 times
01 Tue Oct 2024	935.75	936.90	944.00	932.20	0.582 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 892.5 as stoploss in an intra day buy trade for a target of 911.42. However, stock will show a bearish move below 892.5.

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	884.07
Downside Intraday Target	875.58
Upside Intraday Target	907.07
Upside Intraday Target	921.58
Upside Intraday Target	898.58

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	892.55	913.00	913.10	890.10	0.216 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
15 Tue Oct 2024	892.55	936.90	964.50	882.70	0.444 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 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 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 SELL signal for Chennai Petroleum in short term and the sell signal is strong.

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 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 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 926.53 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.