Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-01-20 View latest technical analysis

10 day averaged volume of Chennai Petroleum is 1051948

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	597.85	590.95	608.95	577.25	1.418 times
17 Fri Jan 2025	590.95	579.00	596.35	573.35	0.882 times
16 Thu Jan 2025	578.40	574.95	584.90	574.95	0.435 times
15 Wed Jan 2025	574.50	577.90	591.85	571.00	0.669 times
14 Tue Jan 2025	575.10	574.00	582.45	563.50	0.866 times
13 Mon Jan 2025	574.75	599.85	621.00	572.45	1.378 times
10 Fri Jan 2025	601.60	608.00	611.90	594.00	0.602 times
09 Thu Jan 2025	612.15	615.00	621.30	607.50	0.612 times
08 Wed Jan 2025	615.40	606.00	636.35	604.90	2.995 times
07 Tue Jan 2025	604.45	597.60	615.60	597.55	0.684 times

My analysis of stock is bearish for shortterm, and stock might move down till 583.9 or till 561.6. Use a stoploss of 602.53 and if the stock hits stoploss, then it can shoot up till 621.12

Share price targets for Chennai Petroleum (CHENNPETRO)

Target Type	Value
Downside Target	562.55
Downside Target	577.25
Upside Target	608.95
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	580.42
Downside Intraday Target	562.98
Upside Intraday Target	612.12
Upside Intraday Target	626.38
Downside Intraday Target	594.68

Weekly technical analysis of Chennai Petroleum (CHENNPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	597.85	590.95	608.95	577.25	0.335 times
17 Fri Jan 2025	590.95	599.85	621.00	563.50	0.733 times
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

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
20 Mon Jan 2025	597.85	625.80	647.35	563.50	0.42 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 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 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Chennai Petroleum in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 596.56 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.