Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-31 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2045636

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	639.70	643.00	655.00	633.05	0.664 times
30 Wed Oct 2024	646.35	683.00	683.05	641.70	1.193 times
29 Tue Oct 2024	681.05	693.80	717.80	673.65	0.592 times
28 Mon Oct 2024	692.25	709.50	720.00	685.90	0.722 times
25 Fri Oct 2024	707.70	763.00	766.30	696.80	1.124 times
24 Thu Oct 2024	758.50	791.40	792.50	755.10	0.488 times
23 Wed Oct 2024	786.05	796.00	815.60	752.10	2.157 times
22 Tue Oct 2024	879.50	906.55	906.55	863.85	0.36 times
21 Mon Oct 2024	904.20	925.00	925.00	895.05	0.313 times
18 Fri Oct 2024	929.95	941.00	941.00	911.35	0.284 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 604.8, for a target of 733.3 or 840.41

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	633.05
Upside Target	696.80
Upside Target	720.00
Upside Target	794.30
Upside Target	853.35
Upside Target	882.70
Upside Target	912.55
Upside Target	945.65
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	608.5
Downside Intraday Target	577.3
Upside Intraday Target	695.45
Upside Intraday Target	751.2
Upside Intraday Target	664.25

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	639.70	709.50	720.00	633.05	0.714 times
25 Fri Oct 2024	707.70	925.00	925.00	696.80	1.241 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

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
31 Thu Oct 2024	639.70	936.90	999.00	633.05	2.208 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, and volume has increased substantially. This means that the move can 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 weakening, and bulls are picking up momentum!

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 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 737.47 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.