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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 2025-01-06 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2175448

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	597.60	633.45	636.35	595.00	0.424 times
03 Fri Jan 2025	633.45	635.00	647.35	631.00	0.525 times
02 Thu Jan 2025	634.30	628.80	638.45	625.95	0.433 times
01 Wed Jan 2025	631.95	625.80	639.60	624.00	0.669 times
31 Tue Dec 2024	625.80	590.00	651.00	586.25	6.099 times
30 Mon Dec 2024	592.10	604.00	604.45	588.10	0.187 times
27 Fri Dec 2024	606.15	613.15	614.85	603.10	0.206 times
26 Thu Dec 2024	607.65	594.90	612.00	593.20	0.437 times
24 Tue Dec 2024	594.95	598.40	602.55	591.10	0.255 times
23 Mon Dec 2024	601.40	594.50	606.35	584.65	0.388 times

My analysis of stock is bearish for shortterm, and stock might move down till 588.2 or till 569.4. Use a stoploss of 603.91 and if the stock hits stoploss, then it can shoot up till 619.59

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	562.55
Downside Target	584.65
Upside Target	614.85
Upside Target	636.35
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	582.95
Downside Intraday Target	568.3
Upside Intraday Target	624.3
Upside Intraday Target	651
Upside Intraday Target	609.65

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	597.60	633.45	636.35	595.00	0.054 times
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

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
06 Mon Jan 2025	597.60	625.80	647.35	595.00	0.121 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 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 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 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. Bulls are getting tired and bears 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 and selling is picking up 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 622.08 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 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.