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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 2024-12-05 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1265881

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	630.15	649.95	650.15	628.00	1.063 times
04 Wed Dec 2024	646.35	649.85	657.80	640.00	0.77 times
03 Tue Dec 2024	649.85	635.00	655.70	630.85	1.379 times
02 Mon Dec 2024	629.40	625.00	642.50	617.10	1.191 times
29 Fri Nov 2024	626.75	621.25	631.75	621.25	0.445 times
28 Thu Nov 2024	628.05	622.25	633.80	621.05	0.725 times
27 Wed Nov 2024	621.60	610.00	624.00	601.15	0.998 times
26 Tue Nov 2024	609.45	591.30	617.50	588.75	1.367 times
25 Mon Nov 2024	591.30	599.00	606.80	589.60	0.92 times
22 Fri Nov 2024	583.25	570.00	592.30	570.00	1.415 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 643.1 as stoploss in an intra day sell trade for a target of 614.42. However, stock will show a bullish move above 643.1.

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	565.20
Downside Target	588.75
Downside Target	607.70
Upside Target	633.05
Upside Target	657.80
Upside Target	676.90
Upside Target	853.35
Upside Target	886.65
Upside Target	993.75
Upside Target	999.00
Upside Target	1039.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	612.23
Downside Intraday Target	594.32
Upside Intraday Target	652.93
Upside Intraday Target	675.72
Upside Intraday Target	635.02

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	630.15	625.00	657.80	617.10	0.988 times
29 Fri Nov 2024	626.75	599.00	633.80	588.75	0.664 times
22 Fri Nov 2024	583.25	579.00	607.70	565.20	1.264 times
14 Thu Nov 2024	578.30	620.35	637.05	569.00	0.42 times
08 Fri Nov 2024	624.75	656.05	676.90	610.00	2.385 times

Price has moved up 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
05 Thu Dec 2024	630.15	625.00	657.80	617.10	0.151 times
29 Fri Nov 2024	626.75	647.05	676.90	565.20	1.319 times
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

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 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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Chennai Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

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 620.1 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.