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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 2025-01-10 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 2310120

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	601.60	608.00	611.90	594.00	0.274 times
09 Thu Jan 2025	612.15	615.00	621.30	607.50	0.279 times
08 Wed Jan 2025	615.40	606.00	636.35	604.90	1.364 times
07 Tue Jan 2025	604.45	597.60	615.60	597.55	0.312 times
06 Mon Jan 2025	597.60	633.45	636.35	595.00	0.399 times
03 Fri Jan 2025	633.45	635.00	647.35	631.00	0.495 times
02 Thu Jan 2025	634.30	628.80	638.45	625.95	0.408 times
01 Wed Jan 2025	631.95	625.80	639.60	624.00	0.63 times
31 Tue Dec 2024	625.80	590.00	651.00	586.25	5.743 times
30 Mon Dec 2024	592.10	604.00	604.45	588.10	0.177 times

My analysis of stock is bearish for shortterm, and stock might move down till 589.4 or till 570.4. Use a stoploss of 605.31 and if the stock hits stoploss, then it can shoot up till 621.17

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	584.95
Downside Intraday Target	568.3
Upside Intraday Target	627.3
Upside Intraday Target	653
Upside Intraday Target	610.65

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	601.60	633.45	636.35	594.00	0.353 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
10 Fri Jan 2025	601.60	625.80	647.35	594.00	0.26 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 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 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.

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. Bears are getting stronger in this stock.

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 BUY signal in short term and the buying is gaining 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 622.09 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.