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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 2024-12-10 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1236269

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	605.40	602.30	610.40	592.50	0.735 times
09 Mon Dec 2024	600.20	619.65	620.80	597.75	1.027 times
06 Fri Dec 2024	619.10	631.00	634.00	616.10	0.846 times
05 Thu Dec 2024	630.15	649.95	650.15	628.00	1.088 times
04 Wed Dec 2024	646.35	649.85	657.80	640.00	0.788 times
03 Tue Dec 2024	649.85	635.00	655.70	630.85	1.412 times
02 Mon Dec 2024	629.40	625.00	642.50	617.10	1.219 times
29 Fri Nov 2024	626.75	621.25	631.75	621.25	0.456 times
28 Thu Nov 2024	628.05	622.25	633.80	621.05	0.742 times
27 Wed Nov 2024	621.60	610.00	624.00	601.15	1.022 times

My analysis of stock is bearish for shortterm, and stock might move down till 584.2 or till 555.3. Use a stoploss of 608.35 and if the stock hits stoploss, then it can shoot up till 632.46

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	565.20
Downside Target	588.75
Upside Target	607.70
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	591.67
Downside Intraday Target	577.93
Upside Intraday Target	619.97
Upside Intraday Target	634.53
Upside Intraday Target	606.23

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	605.40	619.65	620.80	592.50	0.329 times
06 Fri Dec 2024	619.10	625.00	657.80	616.10	1.174 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

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
10 Tue Dec 2024	605.40	625.00	657.80	592.50	0.238 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 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 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 SELL. 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 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 moving up

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 positive zone. This is a BUY zone

Stock of Chennai Petroleum is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 626.89 and Chennai Petroleum (CHENNPETRO) stock is trading below this level. This means that stock is falling with high volumes. 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 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.