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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 2024-10-21 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 949531

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	904.20	925.00	925.00	895.05	0.675 times
18 Fri Oct 2024	929.95	941.00	941.00	911.35	0.612 times
17 Thu Oct 2024	943.40	930.00	999.00	920.00	5.962 times
16 Wed Oct 2024	928.95	889.95	937.85	884.00	0.644 times
15 Tue Oct 2024	892.55	908.00	908.90	890.10	0.288 times
14 Mon Oct 2024	906.55	913.00	913.10	898.00	0.206 times
11 Fri Oct 2024	909.00	906.95	913.40	893.70	0.383 times
10 Thu Oct 2024	904.90	922.70	927.65	901.05	0.306 times
09 Wed Oct 2024	920.55	929.00	941.70	918.00	0.282 times
08 Tue Oct 2024	923.35	910.00	934.00	882.70	0.712 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 907.4, but if it comes above 907.4, then a intra day buy could be more profitable.
If you take a sell trade below 907.4, then use 907.4 as stoploss and 891.7 as target. However if you take a buy trade in stock , then use 907.4 as stoploss and 920.53 as target.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	794.30
Downside Target	853.35
Downside Target	882.70
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	891.17
Downside Intraday Target	878.13
Upside Intraday Target	921.12
Upside Intraday Target	938.03
Upside Intraday Target	908.08

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	904.20	925.00	925.00	895.05	0.087 times
18 Fri Oct 2024	929.95	913.00	999.00	884.00	3.37 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

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
21 Mon Oct 2024	904.20	936.90	999.00	882.70	1.033 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 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 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Chennai Petroleum in short term but the buy signal is initial and weak.

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 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 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 932.29 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.