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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 2024-10-17 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 591277

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	943.40	930.00	999.00	920.00	9.574 times
16 Wed Oct 2024	928.95	889.95	937.85	884.00	1.034 times
15 Tue Oct 2024	892.55	908.00	908.90	890.10	0.462 times
14 Mon Oct 2024	906.55	913.00	913.10	898.00	0.331 times
11 Fri Oct 2024	909.00	906.95	913.40	893.70	0.616 times
10 Thu Oct 2024	904.90	922.70	927.65	901.05	0.491 times
09 Wed Oct 2024	920.55	929.00	941.70	918.00	0.453 times
08 Tue Oct 2024	923.35	910.00	934.00	882.70	1.144 times
07 Mon Oct 2024	910.45	950.00	951.30	903.10	0.971 times
04 Fri Oct 2024	943.20	916.00	964.50	916.00	3.909 times

Stock of Chennai Petroleum (CHENNPETRO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 933.8, but if it comes below 933.8, then a intra day sell could be more profitable.
If you take a sell trade below 933.8, then use 933.8 as stoploss and 917.31 as target. However if you take a buy trade in stock , then use 933.8 as stoploss and 953.7 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	853.35
Downside Target	882.70
Downside Target	933.85
Upside Target	951.30
Upside Target	964.50
Upside Target	993.75
Upside Target	999.00
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	885.27
Downside Intraday Target	827.13
Upside Intraday Target	1000.27
Upside Intraday Target	1057.13
Downside Intraday Target	942.13

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	943.40	913.00	999.00	884.00	3.103 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 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
17 Thu Oct 2024	943.40	936.90	999.00	882.70	0.937 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Chennai Petroleum stock for short term is BUY. 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.

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 weakening, and bulls are picking up momentum!

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 buy signal for Chennai Petroleum in short term and BUY 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 935.14 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.