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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 2025-01-03 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2649670

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	633.45	635.00	647.35	631.00	0.431 times
02 Thu Jan 2025	634.30	628.80	638.45	625.95	0.356 times
01 Wed Jan 2025	631.95	625.80	639.60	624.00	0.549 times
31 Tue Dec 2024	625.80	590.00	651.00	586.25	5.007 times
30 Mon Dec 2024	592.10	604.00	604.45	588.10	0.154 times
27 Fri Dec 2024	606.15	613.15	614.85	603.10	0.169 times
26 Thu Dec 2024	607.65	594.90	612.00	593.20	0.359 times
24 Tue Dec 2024	594.95	598.40	602.55	591.10	0.209 times
23 Mon Dec 2024	601.40	594.50	606.35	584.65	0.318 times
20 Fri Dec 2024	594.30	606.00	617.80	590.25	0.658 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 640.1, for a target of 620.9 or 604.99

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	562.55
Downside Target	584.65
Downside Target	614.85
Upside Target	647.35
Upside Target	651.00
Upside Target	657.80
Upside Target	676.90
Upside Target	853.35
Upside Target	993.75
Upside Target	999.00

Intraday share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Intraday Target	596.13
Downside Intraday Target	558.82
Upside Intraday Target	660.88
Upside Intraday Target	688.32
Downside Intraday Target	623.57

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	633.45	604.00	651.00	586.25	6.156 times
27 Fri Dec 2024	606.15	594.50	614.85	584.65	0.293 times
20 Fri Dec 2024	594.30	598.10	617.80	562.55	2.195 times
13 Fri Dec 2024	592.40	619.65	620.80	591.00	0.658 times
06 Fri Dec 2024	619.10	625.00	657.80	616.10	1.174 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
03 Fri Jan 2025	633.45	625.80	647.35	624.00	0.096 times
31 Tue Dec 2024	625.80	625.00	657.80	562.55	0.999 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

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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 buy signal for Chennai Petroleum in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 620.9 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.